Commercial property covers buildings, equipment and inventory, and often the income you lose while a covered loss keeps you closed.
What it generally covers
- A building you own or are required to insure
- Business personal property such as equipment and inventory
- Business income and extra expense after a covered loss
Where gaps often hide
- Valuation basis and coinsurance can reduce what is paid
- Windstorm deductibles may be a percentage of the insured value
- Flood and ordinance-or-law coverage need attention
- Your lease may make you responsible for the building
Questions worth asking
- What is my windstorm deductible in dollars?
- Is my limit based on replacement cost?
- How long does business income coverage last?
General information only. Actual coverage depends on your policy, and coverage is not in force until confirmed in writing by the agency.