Commercial property insurance is a form of insurance that protects the property owned by your business – your building, equipment, store fixtures, and more. It pays to replace or restore stolen items and items damaged or destroyed by fires, windstorms, and other events.
Opens perils coverage refers to a type of property insurance that covers damage to your possessions from all causes except those your policy specifically excludes.
The size of your building, the value of your equipment, and other factors help determine the cost of property insurance.
The replacement value is how much it would cost to buy a brand-new replacement for a destroyed or stolen item.
Equipment breakdown coverage is a form of insurance that provides funds to repair or replace damaged machinery or equipment that has suffered a mechanical or electrical failure.
Named perils coverage is a type of commercial property insurance that only protects you against losses your policy specifically lists.
An appraisal is a structured process in which a trained professional determines the value of an asset to facilitate a financial transaction for business or personal purposes.