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There are so many variables when rating policys please contact an agent or agents and get quotes to answer your question.
Wiki User
∙ 16y ago
The cost to insure a $500,000 commercial building can vary depending on factors such as the location, construction type, occupancy, and the specific insurance coverage needed. Typically, the annual premium for commercial property insurance can range from 0.1% to 1% of the building's value. Therefore, for a $500,000 building, the annual insurance cost could range from $500 to $5,000. It is recommended to consult with insurance providers for a more accurate quote based on specific details.
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How much does it cost to insure a building and its contents?
The cost to insure a building and its contents varies greatly by size, location and value of contents.
What is the average cost to construct a commercial building?
This is not a stupid Qn. The gentle man who asked this Qn is genious. The average cost of a commercial building is the funds which is in your hands.
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BOQ aims to give builders an estimation of cost to construct a residential building or a commercial building.
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The average cost of utilities per square foot in a commercial building can vary widely depending on factors such as location, size of the building, energy efficiency, and usage patterns. On average, it can range from $2 to $4 per square foot annually. It is important to discuss with utility providers and consider energy-saving measures to reduce costs.
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