Remove Business Interruption Remove Insurance Agents Remove Out-Of-Pocket Expense
article thumbnail

5 Essential Considerations for Insurance When Buying or Investing in Commercial Property

Jackson & Jackson

Business Interruption Insurance Unexpected events can disrupt your operations, leading to significant financial loss. Business interruption insurance compensates for lost income during these periods, helping you keep your business afloat until you can resume normal operations.

article thumbnail

Top 5 Mistakes Property Investors Make with Insurance – And How to Avoid Them

Jackson & Jackson

However, in the event of a claim, this can lead to substantial out-of-pocket expenses due to insufficient coverage limits. How to Avoid It: Regularly review and update your insurance coverage to match the current value of your property and its contents. In California, consider adding earthquake and flood insurance.

article thumbnail

Understanding Multi-Family Property Insurance in California.

Jackson & Jackson

Additionally, it can provide coverage for business interruption, tenant improvements, and liability claims arising from third-party injuries or property damage on the premises. Working closely with insurance professionals who can provide guidance on the appropriate coverage amounts is not just important, it’s reassuring.