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Coinsurance Basics in Commercial Property Policies
Coinsurance is a provision found in many commercial property policies that ties the amount of coverage a policyholder carries to the amount they can ultimately collect on a claim, and it catches building owners off guard more often than almost any other policy...Browse the full Resources Index
Agreed Value and How It Changes a Claim
Commercial property policies frequently include an agreed value provision, and it changes the shape of a claim in ways that are worth understanding before a loss ever occurs. Under a standard policy, insurers often apply a coinsurance clause that penalizes an owner if...Browse the full Resources Index
Functional Replacement Cost in Older Commercial Buildings
Older commercial buildings often contain materials and assemblies that are no longer produced, or that would be prohibitively expensive to reproduce in kind. A masonry building from the 1920s might have hand-troweled plaster walls, wood-frame windows with wavy glass,...Browse the full Resources Index
Blanket Coverage and Scheduled Locations in Claims
A business with several properties, whether it is a regional retail chain, a self-storage operator, or a manufacturer with a headquarters and a satellite warehouse, often insures those locations under a single commercial property policy rather than separate policies...Browse the full Resources Index
