Commercial Property Concepts Every Producer Should Understand

There are certain things every insurance producer should understand before writing commercial property coverage for a client. What are the various types of valuation that can be used, and how does each work in a claim situation? How do our policies handle debris removal, and why is this such an important issue? Why is Ordinance or Law something that should be addressed for every building, not just old ones? What does it mean for a property to be vacant, and what effect does vacancy have on coverage? Lastly, how do we address the common exposures of tenants who may improve their rented space or who may be responsible for damage done to their rented space?