Commercial Property Insurance

Don’t think you need Commercial Property coverage?

Consider this: if a fire erupts in the building of your business and you lose your entire inventory, how will you pay to replace it? If someone breaks into your business and steals expensive equipment needed to run your daily operations, what would you do?

Property Insurance is any type of insurance that indemnifies an insured party who suffers a financial loss because property has been damaged or destroyed. Property is considered to be any item that has a value. Property can be classified as real property or personal property. Real property is land and the attachments to the land, such as buildings. Personal Property is all property that is not real property. The Building and Personal Property coverage form is the form used to insure almost all types of commercial property. The insuring agreement in the Building and Personal Property coverage form promises to pay for direct physical loss or damage to covered property at the premises described in the policy when caused by or resulting from a covered cause of loss.

Commercial Property Insurance can be tailored to meet specific risk concerns, allowing you to opt for more coverage for some exposures, and less for others. As a business, we understand your complex needs and the importance of proper limits and coverage.

Contact John Yurconic Agency right away more information on Commercial Property Insurance.