Building valuation
Replacement cost estimates, inflation, construction type and coinsurance assumptions should be reviewed together.
Insurance for Commercial Property Owners
Owning the building creates a different insurance conversation than occupying it. The program should reflect the structure, tenants, lease obligations, income stream and realistic cost to rebuild.
Serving Utah and all 50 states. We help commercial property owners and investors across Utah, including Logan, Salt Lake County, Utah County and St. George, and we write commercial insurance for clients in all 50 states. Whether your operation is in one Utah location or spread across several states, we focus on lining up the right coverage before your renewal, not after a claim. Send us your renewal date and we'll start the conversation early.
What to Review
The details that can change the insurance program.
Commercial real estate insurance is highly dependent on the building, occupancy, leases, valuation, protection and income exposure. A useful review goes beyond simply quoting the same limits.
Premises liability
Parking lots, sidewalks, common areas, snow and ice, security and maintenance can drive liability claims.
Rental income
Loss of rents can continue long after the physical repairs if tenants cannot immediately reoccupy.
Lease requirements
Tenant insurance requirements and indemnification provisions are part of the risk-transfer strategy.
Key Exposures
Questions worth answering before renewal.
Occupancy changesA change in tenant or use can materially change underwriting and coverage needs.
Roof & building systemsAge and updates to roof, electrical, plumbing and HVAC can affect eligibility and pricing.
Catastrophe exposureWind, hail, wildfire, earthquake and flood should be evaluated based on location.
Umbrella structureHigher property values and public traffic can justify reviewing excess liability limits.
Related Topics
Go deeper on the exposures that matter.
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RelatedBusiness Income & Rental Value
How lost rents and restoration periods affect a real estate claim.
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