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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. In fact, an estimated 75% of commercial properties are underinsured by 40% or more, according to industry data.

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Understanding Multi-Family Property Insurance in California.

Jackson & Jackson

Multi-unit commercial properties in California offer investors the potential for significant returns. Investors must understand the importance of securing comprehensive commercial property insurance coverage to protect their investments. However, with great opportunities come great risks.

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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. Mistake 3: Choosing the Cheapest Policy While it’s tempting to choose the least expensive policy, this often leads to inadequate coverage. This often happens when trying to save on premiums.