Remove Commercial Remove Out-Of-Pocket Remove Out-Of-Pocket Expense
article thumbnail

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.

article thumbnail

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

Jackson & Jackson

Investing in commercial property is a significant step for any entrepreneur or business entity. Here are five critical considerations you should keep in mind regarding insurance when buying or investing in commercial property. Liability Insurance Liability insurance is essential for any commercial property owner.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Rent Guarantee & Home Emergency Insurance Can Save Landlords Money

Protect Commercial Insurance

These cost-effective solutions not only provide peace of mind but also help in safeguarding against unforeseen expenses and maintaining stable income streams. – Tenant Eviction : Evictions can be a costly and drawn-out process. – Tenant Eviction : Evictions can be a costly and drawn-out process.

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. This article outlines the top five mistakes property investors make with insurance and provides practical tips on avoiding them, ensuring your investments are adequately protected.

article thumbnail

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.