Commercial Property Coverage Lawyers

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What Are the Coverage Sections within Commercial Property Coverage?

There are a few coverage sections within commercial property coverage you should be aware of:

What Is "Coinsurance?"

Insurance policies will require you to fully insure the value of your buildings. If a building is not insured to value, you can be subject to a fine at the time of a loss. This fine is generally referred to as "coinsurance." It is essential to read and be aware of the coinsurance clause of your commercial property policy and to discuss any questions with your broker/agent, or a lawyer.

What Are Covered Causes of Loss?

The policy language, exclusions, and endorsements will determine whether a property loss is covered. Covered causes of loss can be chosen by you in your policy. Causes of loss fall into two categories: specified perils and open perils.

Is There a Way to Customize Your Insurance Policy?

There are various coverage forms and endorsements that can be used to supplement your policy. These include the following:

Does My Business Need a Lawyer to Resolve Its Commercial Insurance Matter?

Business insurance policies tend to be very complex and specific. Additionally, state law regulates business insurance and affects exactly what your policy can cover. Having a lawyer go over your business' policy can help your company understand its coverage. If your business has to go to court, a lawyer will know your state's laws and give you the best chance of winning your lawsuit.

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Last Modified: 05-07-2014 11:30 AM PDT

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