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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

This often happens when trying to save on premiums. However, in the event of a claim, this can lead to substantial out-of-pocket expenses due to insufficient coverage limits. Think about business interruption insurance to protect your income stream during repairs.

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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, properties in high-risk areas for wildfires or earthquakes may require additional coverage or face higher premiums.