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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.

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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. Specialized risks, such as floods, earthquakes, and business interruptions, require additional coverage, which many investors should pay more attention to.

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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. For instance, a policy might cover repairing or replacing a roof damaged by a storm or the value of stolen office equipment.