by CoverLink Staff | Jun 16, 2015 | Commercial Property Insurance
The Building and Personal Property form provides five additional coverages, such as the cost a business would incur from the fire department for responding in the event of a fire. These additional coverages apply no matter which cause of loss form, Basic, Broad or...
by CoverLink Staff | Jun 16, 2015 | Commercial Property Insurance
The Commercial Package Policy allows you to extend coverage to property not regularly covered under the policy, such trees, shrubs or plants. Essentially, you’re saying to the insurance company, I want these specific situations covered in the event of a loss....
by CoverLink Staff | Jun 16, 2015 | Commercial Property Insurance
How do you determine the value of your property? For example, an old refrigerator just gets noisier and noisier, and needs to be replaced. Would you buy a new one, or try to find a used refrigerator to reduce your out-of-pocket expense? Would your answer be different...
by CoverLink Staff | Apr 23, 2015 | Commercial Property Insurance
What happens if you have two insurance policies covering the same property when it burns to the ground? Insurance policies commonly have provisions for this situation. Even though they are not deductibles these provisions also serve to reduce moral hazard. In the...
by CoverLink Staff | Apr 23, 2015 | Commercial Property Insurance
You might need to get your glasses out for this one and actually dig into your insurance policy. In short, a coinsurance provision in a property insurance policy means an insured shares in a loss. You might say isn’t this the purpose of a deductible? And the...
by CoverLink Staff | Apr 23, 2015 | Commercial Property Insurance
You rent a new facility and installed permanent partitions, fancy lights and a large boiler. With a 15-year lease, it looks like you’re set until retirement. After a year of happiness, the building burns to the ground. You learn that you can’t collect for...
