Commercial Property Insurance

Question 1

What are the 4 commercial property coverage componets?

Answer 1

The commercial property declarations form, the commercial property conditions form, one or more commercial property coverage forms, and the cause of loss form.

Question 2

What does property insurance cover?

Answer 2

Real property such as buildings, and personal property, such as furniture, fixtures, machinery, and inventory.

Question 3

What is contained in the commercial property declaration form?

Answer 3

Information about the premises to be insured and the specific property forms that will apply. Also includes the name and addresses of any mortgage of lienholders.