Commercial Earthquake Insurance
Far too often earthquake insurance is an afterthought when insuring commercial properties, but it’s not a matter of if California will experience another earthquake, but when another quake will strike. Having an earthquake policy ensures you have the protection you need when the inevitable happens.
A commercial earthquake insurance policy provides protection for your commercial property that your primary insurance policy does not. Far too many commercial landlords are unaware that earthquake insurance coverage is not included in their standard property insurance policy until it is too late.
Earthquakes can cause hundreds of thousands of dollars worth of damage due to the intensity with which they strike. Even if a building remains standing after an earthquake it could have structural damage to it that deems it unfit for occupancy. Landlords and companies not adequately prepared could be facing a disaster if and when an earthquake does occur. Most building owners cannot afford the cost to repair and re-build a building when a large earthquake hits. A commercial earthquake insurance policy provides the coverage you need to keep your business property financially stable.
Some areas of commercial earthquake insurance coverage to consider are:
- Business personal property
- Loss of business income
- Earthquake sprinkler leakage
- Betterment or repairs required by local ordinance or law