What is Covered by Your Commercial Property Insurance?

6/25/2021 (Permalink)

Reasons to Have Commercial Insurance After Fire Damage

If a fire occurs in your Bartlett, Tennessee, or Cordova, Tennessee, building, it can be beneficial to have commercial insurance. While the details will vary between companies and individual policies, it can cover a wide range of property. Here are some of the items you can expect to be included.

1. The Structure of the Building

In many cases, fire damage will include the building itself. If it was severe enough, you might be required to rebuild part of the structure. Your insurance will usually cover this. If you are missing portions of your walls, floors, or ceiling, your policy should include the costs of repairing and restoring these areas. It will often involve repainting and placing new flooring as well.

2. Property Inside the Building

Whether the fire was large or small, there's a good chance that the building items were damaged. This can include equipment, furniture, and decorations, such as curtains or artwork. If these were affected by smoke or fire damage, they would be included in your policy as well, so you won't have to worry about the costs associated with repairing or replacing them.

3. Property Outside the Building

Fires are not always contained in the building where they began; your commercial insurance can cover the area outside of your business as well. This can include outdoor furniture and equipment. In some cases, it may cover neighboring properties if the fire and the damage it caused spread outside of your property.

You may like to think that a fire cannot occur on your property, but some accidents cannot be prevented even if you are careful. Fires are common, so it is a good idea to have commercial insurance that covers them. It will help pay for the repairs that you will need to have done by a fire restoration company and the costs of replacing destroyed items. Contact SERVPRO of Bartlett / Cordova at (901) 382-0900.