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When you are purchasing building insurance for your commercial property, verify what type of insurance policy you are buying. Will the policy cover inside damage caused by renters, or is it for structural and outside damage only? Does the policy cover "Acts of God," or will you need to purchase a rider for wind, storm or water damage? Are you covered in the event of an injury on the property that is outside of the rental space?

These are all very important questions that you must ask your insurance agent to ensure that you have proper coverage. Many base policies will cover just that � the basics, leaving you in a bind should any other event occur.

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14y ago

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