Occupancy mix
The percentage and type of each occupancy can materially change underwriting.
Mixed-Use Property Insurance
Mixed-use buildings can be harder to insure because one structure may combine residential, retail, restaurant, office or other occupancies with very different hazards.
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.
Shared systems
Utilities, HVAC, sprinklers and access points may serve several occupancies.
Residential exposure
Habitational liability and life-safety concerns can coexist with commercial exposures.
Tenant contracts
Lease requirements should reflect the hazards each tenant brings to the property.
Key Exposures
Questions worth answering before renewal.
Restaurant tenantsCooking and grease exposures can materially change fire risk.
Water migrationA loss in one occupancy can damage several others.
Business incomeDifferent lease structures can complicate rental-value calculations.
Property valuationTenant improvements and mixed construction can complicate replacement-cost estimates.
Related Topics
Go deeper on the exposures that matter.
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