Commercial property insurance covers fire, theft, and vandalism but often excludes or categorizes natural disasters as "special perils," requiring additional attention.
Commercial property insurance typically doesn't cover flood damage, especially concerning in high-risk flood areas. Separate flood insurance is essential for proper coverage.
Like floods, standard policies usually lack earthquake coverage. Businesses in earthquake-prone zones should consider specific earthquake insurance for structural repairs.
Hurricane-related insurance is complex. Wind damage might be covered, but not flood damage from storm surges. Extra coverage like windstorm or flood insurance is vital for comprehensive protection.
Adapting to Disasters:
With rising natural disasters, businesses must grasp insurance limits. To protect properties effectively, owners should explore comprehensive options that cover all disaster types, offering essential peace of mind.