If you own commercial property, you need the right insurance coverage. You need commercial property insurance. You might think your property is already covered through your business insurance. That's not the case, though. Business insurance and commercial property insurance provide different types of coverage. To make sure your property has coverage, you need commercial property insurance. Not sure what types of damage commercial property insurance covers? Read the list provided below. You'll find five types of damage your insurance will cover.
Vandalism
When you own commercial property, you need to worry about vandalism. For most people, graffiti comes to mind when they think of vandalism. But, vandalism can take on many forms. Vandalism can include broken windows and broken office equipment. When vandalism happens, you need to know that you have a way to recover from the damage. That's where commercial property insurance comes into the picture. Commercial property insurance covers the costs to repair the damage caused by vandalism. It will also replace your damaged equipment.
Lightning
You never know when lightning is going to strike your commercial building. When it does, you need to be prepared for the cleanup process. Lightning can do considerable damage to your commercial property. This is especially true with regard to your electronic equipment. But, it's also true about the wiring in your building. To make sure you have the coverage you need, update your policy to include commercial property insurance. Your commercial property insurance will cover any damage caused by lightning.
Water
Floods can happen at any time. When they do, they can do a lot of damage. Whether floods are caused by ruptured water pipes or heavy rains, you need a way to recover from the damage. That's where commercial property insurance becomes beneficial. This type of policy provides coverage for all types of water damage.
Theft
Theft can destroy your business. Thieves can steal everything from office equipment to secured files. That's why you need to have commercial property insurance. Commercial property insurance protects your investment against damages caused by theft. That means you won't need to wait to replace your equipment. Your policy will provide replacements for you.
Wind
When you own commercial property, you need to be prepared for all types of natural disasters. This includes wind storms. High winds can blow the roof off your building and break windows. They can even down the power lines in your parking lot. With the right insurance, you'll have the coverage you need when the winds do blow through.
