June 16, 2017
AgencyVacant Buildings
Vacancy Provision Under a commercial property policy, coverage is significantly different for buildings that are vacant for extended periods. Usually, certain types of coverage are completely eliminated during the vacancy. Insurance companies are interested in protecting ongoing businesses and premiums are based upon active occupancy. Continued, full coverage may be provided, but that is only […]
March 13, 2017
AgencyThe Standard Property Policy
The popular Commercial Package Policy (CPP) may not be available because of your building’s size, age, construction or its contents. Fortunately there is an alternative, the Standard Property Policy (SPP). Besides commercial buildings, the SPP also covers completed building additions, property used for maintaining or servicing the building (such as mowing or painting equipment), permanent […]