4 Things Your Property Insurance Should Cover

8/25/2020 (Permalink)

4 Things Your Property Insurance Should Cover

The commercial building you own in Morningside, GA, is a big investment. It is wise to make sure that it is protected in the event of a fire or some other catastrophe. When you purchase commercial insurance, your package should include a property policy. Here are five things that you should expect such a policy to cover.

1. The Property Itself

Property insurance is designed to pay for fire restoration services for the structures you own that have fire damage. There are several structures it includes:

• Building
• Signs
• Satellite dishes
• Fencing

It also includes damage to the part of the property that you own that surrounds your building. Your landscaping, sidewalks and driveway are also included in the coverage.

2. Manufacturing Equipment and Supplies

If you produce goods in your building, the machines used to do so can get damaged by fire just as easily as the building. You may also lose some of the inventory of completed products in storage or the materials used to make them. If any of these items are in the building and get damaged, the property policy of your commercial insurance package can reimburse you for the loss.

3. Office Equipment and Furniture

During a fire, your furniture, phones, computers and other office equipment can be damaged. Even if it's not burned by the flames, smoke and soot can damage sensitive equipment. The items you and your office employees use every day are protected by your property insurance. 

4. Documents and Records

The recovery of important documents may be on your to-do list after a fire. Unless they are completely destroyed, it is likely that restoration experts can restore accounting records, payroll documents and other important items.
The specific policies found in a commercial insurance package may vary slightly from business to business, but any business owner who has property needs a property policy. It covers damage to your building and the important items inside it.