Commercial Property
Commercial Real Estate Property insurance coverage can provide a comprehensive program to property owners and developers who intend to build, sale, lease, or occupy space or land for any use.
We are here to help get you to the top and get you where you belong. Our professional services will help you prevent or mitigate potential losses in your business.
We offer Commercial Real Estate Property coverage for:
- Development Projects
- Office Buildings
- Retail Shopping Centers
- Apartment Buildings
- Buildings used for manufacturing, industrial, assembly
- Processing or Service Buildings
- Private commercial warehouses
- Mixed Use Occupancies
- Hospitality: Hotels, Resorts
- Medical Facilities
Property and Contents
- Property and Contents Valuation at Replacement Costs (RC) or Actual Cash Value (ACV)
- Personal Property Off Premise Coverage
- Business Expense and Loss of Income
- Loss in value of undamaged building portion, demolition or increased construction cost to meet ordinance or law requirement
- Comprehensive equipment breakdown coverage
- Coverage extension to newly acquired buildings and contents
- Fire department service charge and extinguisher recharge cost
- Outdoor signs and outdoor properties
- Debris removal & pollutant clean up cost
- Back up of sewers or drains
- Accounts Receivables and Valuable Papers coverage
- Computer equipment including Media & Records
- Earthquake or earthquake sprinkler leakage
- Lock Replacement
- Tenant Return (costs incurred to bring back displaced tenants)
- Parking Area Coverage
Crime
- Employee Dishonesty
- Forgery & Alteration
- Money & Securities – from both inside and outside the premises
- Money Orders & Counterfeit Currency
Property policies can be valued in one of three categories….
Basic form policies typically cover common risks or perils, such as damage from fire, lightning, windstorm, vehicles, aircraft, or civil commotion.
Broad form policies typically provide basic form coverage plus coverage for additional perils, such as water damage, structural collapse, sprinkler leakage, and losses caused by ice, sleet, or weight of snow.
Special form policies cover against all types of losses except those the policy specifically excludes. Common special form exclusions include losses from flood, earth movement, war, terrorism, nuclear disaster, wear and tear, and insects and vermin.
The majority of our policies are covered under “Special” form. However, sometimes it’s not possible to obtain this category of coverage. Please make sure you know which policy you have.
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