COVERAGE OVERVIEW
YOUR BUSINESS BUILDING
Coverage can protect your Building as well as certain types of related structures and attached fixtures.
Coverage perils can be selected as
- Standard Form – Fire, Lightning, Explosion, Sonic Boom, Windstorm, Hail, Smoke, Vehicles, Aircraft, Riot, Civil Commotion, Vandalism (excludes vandalism to exterior glass or signs), Sprinkler Leakage, Sinkhole Collapse
SPECIAL NOTE: Theft coverage is not included under this form. - Special Form
All direct physical damage is covered except exclusions such as war, nuclear radiation, earthquake, flood, radon, and others listed in the policy.
LOSS OF INCOME / RENTS
This helps offset the loss of income or rent due to a covered loss. Automatic coverage is up to 12 months, subject to the limit shown (20% of Building + 100% of Contents Limits). Optional coverage is available.
CLAIM SETTLEMENT OPTIONS
- Actual Cash Value
Depreciation for age, wear, tear
- Replacement Cost
No depreciation
YOUR BUSINESS CONTENTS
Business Personal Property in your business or provided by you as a landlord in rental properties (appliances, furniture, etc.).
SPECIAL NOTE: Tenant-Owned Personal Property in rental units is not covered.
POLICY DEDUCTIBLE
You choose a deductible (portion you pay) of $250; $500; $1,000; $3,000; $5,000; or $10,000. Raising your deductible lowers your premium.
LIABILITY
Provides legal defense and a settlement
- to those you may injure, or
- for property you may damage.
Available limits are $300,000; $500,000; or $1,000,000.
You can have additional coverage with a stand-alone Excess Liability Policy.
FIRE LEGAL LIABILITY
Provides coverage for property you may damage that is under your care, custody, control…the unit you occupy as a business tenant. Available limits are $50,000; $300,000; $250,000; or $500,000.
MEDICAL PAYMENTS
Offers assistance to visitors injured at your business or rental property, even when you are not negligent.
PARTIAL LIST OF OPTIONS
- Limited Burglary & Robbery $1,000 to $5,000
- Employee Dishonesty
- Theft Coverage
- Exterior Glass
- Interior Glass
- Money & Securities
- Increased Outdoor Sign
- Automatic Increase – Building
- Automatic Increase – Contents
- Peak Season
- Loss of Income W/O Limit
- Damage Due to Back-Up of Sewers or Drains
- Increase Valuable Papers & Records
- Computers
- Spoilage
- Earthquake
- Equipment Breakdown
- Non-Owned / Hired Auto
- Multiple Location Coverage
- Other Special Needs
SAFETY EQUIPMENT
Your business or rental dwelling must adhere to local code enforcement regarding carbon monoxide & smoke alarms as well as other safety issues.
REVIEW
We ask for the opportunity to review your needs when purchasing home insurance. We also provide a written review each year.