In California our data shows, 75 percent of commercial buildings are underinsured. That means potentially 3 out of 4 buildings do not have enough insurance coverage.
Don’t take insurance to value lightly and work with a risk manager that specializes in keeping you informed about potential exposures to your business and protecting your real estate investments.
In the last 12 months, your building’s replacement cost has been severely impacted by the recent rising cost of building materials, labor costs, and supply and demand.
While your investment property may be appreciating in value, that does not mean construction or rebuilding costs are the same. If your investment property is underinsured, you will not have enough coverage to rebuild after a loss.
Does your insurance provide enough coverage for your rental income? This is where we see most of the gaps in hazard insurance policies that do not provide the coverage you need along with a high cost of insurance.
Verify your building’s coverage is up to date with current market conditions and get a free valuation for your investment property today.