Commercial Liability Property Damage Insurance, Get Protected!

Do You Have Commercial Liability Property Damage Insurance?

You NEED To Have Commercial Liability Property Damage Insurance To Protect Your Investment

Do you have Commercial Liability Property Damage Insurance ?  If not, you need to get it, especially if you are a real estate investor, or own your own business, such as being in the food and beverage industry. 

This type of insurance WILL protect your business from the inside out; essentially allowing you additional coverage for your assets.

What Is Commercial Liability Property Damage Insurance?

In short, this type of insurance will directly protect you in the event that damage occurs to the property. Whether that means a construction default occurs, or whether that means there is simply some type of unforeseen event that happens unexpectedly.

No matter what happens, this type of insurance will offer additional protections and coverage for your investment.  

You NEED Commercial Liability Property Damage Insurance To Protect Your Investment!

Knowing the claims history of your commercial property is essential, as with being aware of all of the building components a property has, as both of these can affect your rates.  However, we simply cannot predict the unpredictable and life does happen.  That means your building can become damaged in the event of many different occurrences.

That is why it is imperative to protect your investment!  Get the right insurance today! 

Foundation Issues Can Create A Host Of Insurance Liabilities For A Real Estate Investor

Do You Know What Aspects of Your Property Can Become Major Insurance Liabilities?

Your Property's Foundation And Other Structural Issues Can Be Insurance Liabilities

Did you know that your real estate investment property's foundation can lead to serious Insurance Liabilities?  This is true along with other aspects of the property's structure.  Structural elements that are not addressed can lead to significant property damage, and in the event of a commercial property, could also lead to potential lawsuits as well.

How Foundation Can Become Insurance Liabilities

The foundation of a property refers to the main structure of the building, essentially that which controls the framing and  balance of the house.  However, if the foundation needs work or has not been updated in  a way, then you may be opening yourself up to serious insurance liabilities.   This is largely because the house can face additional damage, such as in the event of a Hurricane, or it can cause injury if damage does occur.

As a real estate investor, you want to ensure that your property's foundation is not only on par with the industry standard, but you address any discrepancy that may be present.

Other Structural Issues That Can Become Insurance Liabilities

Does your real estate property have missing boards?  Cracked walls and other structural damage?  All of these can also become liabilities  as well.   For example, missing boards on a deck may cause a tenant to fall and suffer an injury, opening you up to a major claim or lawsuit.