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Whether you own your own building or rent, you have an exposure should the building be damaged due to
fire, wind, or other peril. As an owner, you have made a substantial investment and need to protect
this asset for its replacement value. If there is a loss, you want to have your policy respond to
put the pieces back together so that your business can operate efficiently. We use the special coverage
form on almost all of our policies which gives you the maximum protection against the perils of loss.
This form typically covers all acts of God except flood and earthquake (these two perils can be
purchased separately). It’s not just what you pay for an insurance policy that matters; it’s what
that contract can do for you when there is a loss.
If you are a tenant, the coverage our contracts provide will indemnify you for your improvements and
betterments. Most insurance carriers will include this building coverage with your business property
limits. Don’t overlook the investment you put into your landlord’s building. You have an insurable
interest in the property and your landlord’s policy may not respond to your investment. You should
review your lease agreement with your insurance agent to make sure you have the right coverage in place.
If your building suffers a total loss, make sure that you have the proper coverage for debris removal
as these costs can be substantial. We include this in all our policies when applicable, and tailor
the limits to the size or your building.
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