What Is Covered By Your Commercial Property Insurance
Reasons to Have Commercial Insurance After Fire Damage
If a fire occurs in your Bartlett, TN, building, it can be extremely helpful to have commercial insurance. While the details will vary between companies and individual policies, it can cover a wide range of property. Here are some of the items you can expect to be included.
1. The Structure of the Building
In many cases, fire damage will include the building itself. If it was severe enough, you may even be required to rebuild part of the structure. Your insurance will usually cover this. If you are missing portions of your walls, floors or ceiling, your policy should include the costs of repairing and restoring these areas. It will often include repainting and placing new flooring as well.
2. Property Inside the Building
Whether the fire was large or small, there is a good chance that items in the building were damaged. This can include equipment, furniture and decorations such as curtains or artwork. If these were affected by smoke or fire damage, they will be included in your policy as well, so you won’t have to worry about the costs associated with repairing or replacing them.
3. Property Outside the Building
Because fires are not always contained to the building in which they began, your commercial insurance can cover the area outside of your business as well. This can include outdoor furniture and equipment. In some cases, it may cover neighboring properties as well, if the fire and the damage it caused spread outside of your own property.
You may like to think that a fire cannot occur on your property, but even if you are careful, some accidents cannot be prevented. Fires are common, so it is a good idea to have commercial insurance that covers it. It will help pay for the repairs that you will need to have done by a fire restoration company as well as the costs of replacing destroyed items.