Office Building Insurance
Do you own your office building and need to make sure it is protected? Call us for a quote.
Commercial Property Insurance is a must have for any business or individual owner. The policy language can differ from policy to policy. There are normally three broad categories for commercial property insurance based on the type of event that has caused the loss. The first is the basic form policy. This protects you against common and unpredictable occurrences, like fires and storms. Next is the broad form policy which will give you protection against structural collapse, including damages caused by sprinkler leakage and water damage. The third category is for a special form policy which will cover all other events not included in the first two categories.
Commercial property insurance coverage generally offers pay-out in three main forms; replacement costs, actual cash value and a combination of both. For replacement cost coverage, you will be paid the total amount needed to rebuild or repair your property while the value of your land will not be compensated. In the case of actual cash value, you will be paid the actual value of your property after the depreciation costs have been factored in. Depreciation is the decrease in market value following natural wear and tear of property. This payment option may not be sufficient to completely reconstruct your property in the event that it was completely destroyed.
For sustainable commercial property insurance we advise you to take inventory of your business so that you can make a decision to insure the property. You can decide to insure the building; office equipment, such as furniture, phone systems and computers; processing or manufacturing equipment; account records; landscaping and fence; signs and satellite dishes and/ or inventory kept in stock among other valuables.
As a business, it is important that you have adequate coverage for your business whether it’s a hotel, a garage or a restaurant. This is not only an assurance for the quality of services you will provide to your customers, but will also ensure that you will be shielded from forces that may conspire to sabotage your business.
Your business may face many sorts of risks which we may protect it from. These include commercial machinery breakdown, robbery, and accidents to customers while within your property, accidental flood and fires, and general damage to the building.
Our commercial property insurance can also cover landlords in the event that the tenants leave their properties prior to the agreed termination period without giving any notice. Sometimes, the tenants may also be expelled and thereby discontinue paying rent.
Some tenants can also be reckless in terms of their living since they know that the property is not theirs. The commercial property insurance can protect your property in the event of any structural damage to the property. Also, if the tenant vandalizes the property or takes anything from it, the loss will be covered by your commercial property policy.
Although it may seem expensive when you’re paying for your insurance in terms of premiums, in actuality this will be your defense against the larger and irregular expenses. Once you have purchased the commercial property insurance from us, you will be able to transmit all risks attached to your property, automobiles, equipment, machinery and others to us for a stimulated amount. In addition to the basic coverage that covers damages from vehicles, vandalism, theft, and fires among others, we also offer extra coverage terms called “endorsements.” This will give you additional protection for calamities, such as broken glass, and other covered perils.
Our company offers the most competitive prices for commercial property insurance and we cover all the essential elements. Our agents will take you through the documentation to ensure that you fully understand the terms of contract and premium payments before you make the final decision and sign.
Do you own your office building and need to make sure it is protected? Call us for a quote.
Many owners in the hospitality industry risk potential claims due to the amount of visits they receive on a daily basis. Let us provide a free quote to ensure your company is properly protected.
Restaurants are expected to have a simple menu with great food items to choose from. But if your policy is outdated or has the wrong coverage's, you could be risking everything if a claim occurred. Let us help.
Having a retail shopping center is a great way to advertise having multiple businesses at one location. Now it's time to protect the building.
Commercial Insurance Agency
Frank Medina Insurance
Texas
3663 N Sam Houston Pkwy E Ste 600
Houston, TX 77032
(713) 955-2559
Hours of business
Monday - Friday
9:00 am to 5:00 pm
Closed Saturday and Sunday