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What Perils Are Covered by Commercial Property Insurance?

Property Insurance Centre

What Perils Are Covered by Commercial Property Insurance? Commercial property insurance is essential for businesses to protect their assets from unforeseen events. But what exactly does commercial property insurance cover? Below are the most common perils covered: 1.

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New Captive Insurer Targets New York Affordable Housing Market

Insurance Journal

A new Vermont-based captive insurer is promising to provide insurance for New York affordable rental housing buildings at a time when advocates say coverage is difficult to afford or obtain. The Milford Street Association Captive Insurance Co. will be owned …

Building 264
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Pawtucket Dismantled Iconic Apex Pyramid Building. Here’s Why.

Insurance Journal

Earlier this month wind damaged the iconic Apex pyramid building in Pawtucket Rhode Island prominently visible from Interstate 95. Now, the city of Pawtucket has removed the remaining exterior panels of the iconic structure, leaving only the skeletal frame. Removal …

Building 130
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The Importance of Accurate Valuation in Commercial Property Insurance

Bankers Insurance

THE IMPORTANCE OF ACCURATE VALUATION IN COMMERCIAL PROPERTY INSURANCE When purchasing or renewing commercial property insurance , it’s important for businesses to ensure their coverage includes correct property valuations. That’s where accurate insurance-to-value (ITV) calculations come into play.

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Navigating Commercial Property Insurance: A Guide for New Investors in California

Jackson & Jackson

Investing in commercial property in California can be a lucrative venture, but it also comes with its unique set of risks and responsibilities. One of the most crucial aspects to consider is commercial property insurance. Properties in high-risk areas for earthquakes and wildfires may see higher premiums.

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The Impact of Location on Commercial Property Insurance Rates

Jackson & Jackson

For property investors and owners, understanding how location impacts insurance rates is crucial for financial planning and investment decisions. This article explores how various location-based factors affect commercial property insurance rates in California and offers insights for managing these costs effectively.

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How Climate Change is Shaping Insurance Policies for Commercial Properties

Protect Commercial Insurance

Introduction Climate change isn’t just an environmental buzzword; it’s rapidly becoming a pivotal factor in the world of insurance, especially for commercial properties. As we face more frequent and intense extreme weather events, insurers are re-evaluating their policies to better manage these growing risks.