If you own a business you will need Commercial Property insurance to protect your business from damage or loss to the building and its contents. When choosing property coverage you should make sure that the type and amount of coverage can rebuild your business to the same point it was before disaster struck. In many cases, and even with house insurance, the amount of coverage in place is not suitable, but the business or homeowner does not realize it. That’s why you should periodically sit down with your agent and review your policy. There is so much to know about insurance.
How To Maintain Proper Coverage
It is important to maintain proper coverage on your commercial property. Your building may be 10 or 20 years old but the proper insurance coverage will allow you to rebuild your business structure with equivalent fixtures, etc. at today’s prices. One way to find out what that cost might be is to get an estimate from a contractor. And remember it is better to be over-insured than under-insured. Don’t sell yourself short because you will be paying for it in the long wrong if disaster strikes.
Review your Commercial Property insurance annually and adjust your coverage appropriately by taking the following into consideration:
- All changes to the structure over the previous year
- New fixtures
- New flooring (carpeting, tile, hardwood, etc.)
- New safety or fire prevention features
- Office furniture
- Any added value to the physical structure
We all want to believe that nothing bad is going to happen to us and hopefully nothing ever will. However, it is better to be prepared. It may seem pointless, or that you are simply throwing away money by not insuring against such things as flood and storm coverage, but think of Hurricane Katrina and act accordingly. Don’t become complacent.
ABOUT YOUR DALLAS, TX INSURANCE COMPANY:
With over 20 years of experience in the insurance industry, the Jeff Van Matre Insurance Agency can help you choose the right coverage plan to protect your personal and business assets. To learn more, or to get a free quote, call our Carrollton, TX office today at 972-492-8500.