California Fire Insurance Commercial Policy
A COMMERCIAL POLICY is for buildings with 5 or more habitational units such as apartment buildings, retail mercantile, manufacturing risks, office buildings, and residential or commercial buildings under construction (COC).
Coverage includes fire, lightning, and explosion.
The policy is based on Actual Cash Value unless you
choose to have Replacement Cost.
Extended coverage such as Vandalism can be added for
additional coat.
Coverages
Available
Building – Includes coverage
for the building and any outdoor fixtures, machinery,
and equipment attached to the building.
Business Personal Property – Covers building
personal property of the building.
Personal Property of
Others – Covers personal property of others as
long as it is within vicinity of the property.
Covers
the structure while the structure is goingb through
course of construction.
This type of policy has its own underwriting and
construction plans and durations must be submitted prior
to start of the policy.
Debris Removal – Pays up to 25% of paid losses
to cover debru removal.
Preservation of
Property – If it is necessary to move covered
property from the described premises to preserve it from
loss or damage from a covered cause of loss, we will pay
for loss to that property while it is being moved or
temporarily stored elsewhere, but only if the loss or
damage occurs within 10 days after the property is first
moved.
Fire Department Service Charge
– Up to $1,000 for Fire Department charges.
Pollutant Clean Up & Removal –
Up to $10,000 for pollutant clean up.
Deductibles - Deductiobles from $0
to $10,000