Commercial property coverage protects the building, the contents, and the income the property generates. The details determine whether a claim rebuilds the asset or merely contributes toward it.
The same distinction that governs homeowners policies applies here, with larger numbers attached. Replacement cost rebuilds. Actual cash value pays depreciated value. On an older commercial building the gap can be very large.
Most commercial property policies include a coinsurance requirement, typically 80 or 90 percent of the building's replacement value. If the building is insured below that threshold, the carrier reduces every claim proportionally, including partial losses. Underinsuring to save premium quietly reduces the payout on the small claims you are far more likely to have.
Send us the declarations page you have now. We read it line by line, tell you plainly where the gaps are, and shop it across the carriers appointed in your state. If what you hold is already the right policy, we will say so.
Send your policyOne brokerage, one file. If it is on this list we can shop it alongside whatever you already hold, and tell you where the two policies overlap or leave a gap.
Send us what you have now. We will read it properly, tell you where the gaps are, and shop it across the carriers appointed in your state. If it is already right, we will say so.
Independent insurance guidance for your home, your business, and your life across state lines.