Commercial property insurance

Message

Author

Posted: Mon Apr 05, 2010 9:57 am Post subject: Commercial property insurance

The agent has assured that my business equipments and properties would be covered under commercial property insurance. Can I get an overview of such coverage? _________________ Register Now to have your Insurance queries solved.

Phil_rijcard

Guest

Posted: Tue Apr 06, 2010 9:01 am Post subject:

It covers you under circumstances when your business equipments or properties get damaged or destroyed. Insurers may differ from one another in terms of policy features and cost.

steven

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Posted: Wed Apr 07, 2010 10:20 am Post subject:

Such policies will define the causes of commercial property damages. The policies will only cover for damages resulting out of these causes. If you have 'storm' as the named peril, your policy will not cover for damages arising out of fire or winds.

roddick

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Posted: Fri Apr 09, 2010 1:19 pm Post subject:

Hey Roddick, I guess you're pointing out to a "named perils" policy. I'd like to add the other kind of commercial property insurance - the All risk type. These policies are costlier than the other kind. These policies cover damages for causes that are not omitted. _________________ Register Now to have your Insurance queries solved.

anonymous00

Guest

Posted: Fri Apr 09, 2010 3:29 pm Post subject:

Your overview is your policy. Take a moment and read it. One exclusion that you probably have is that items are not covered if they are more then 1000 feet away from your business. If they are going to be, you need to look into an Inland Marine policy.

tcope

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Posted: Sat Apr 10, 2010 9:39 am Post subject:

In an all-risks policy the business owner is protected from losses occurring out of burglary. Any type of break-ins are covered. All payroll transfers could also be protected by adding coverage with your commercial insurance. _________________ Register Now to have your Insurance queries solved.

J McCarthy

Guest

Posted: Wed Oct 12, 2011 12:02 pm Post subject: Ordinance or law exclusion

Does the Ord. or Law exclusion embrace fixtures, such as air conditioner gas? _________________ Register Now to have your Insurance queries solved.

norma rivera

Guest

Posted: Fri Jan 06, 2012 11:50 am Post subject:

Yes your equipment will be cover under the insurance as commercial property but you must look at the value of the equipments and don't buy this insurance policy from any unreliable company. [Link removed as per TOU]

Peter01

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Joined: 20 Dec 2011
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Posted: Fri Jan 06, 2012 4:22 pm Post subject:

No, the Ordinance and Law exclusion doesn’t exclude your furniture and fixtures from being covered under the policy. It only states that. It only enforces regulating the construction, use or repair of any property or if its required, the tearing down of any property, including the cost of removing its debris.