What Is Commercial Real Estate Insurance?
Commercial Real Estate InsuranceCoverage Varies Depending on Several Variables. Please See The Chart Blow For Further Details.
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Typical Real Estate Coverage Summary | ||
| Property Coverages | Basic Package Limits | Enhanced Package Limits |
| Buildings (coverage available upon request) | $10M Maximum per building | $10M Maximum per building |
| Business Income – Removal of 72 hour waiting period | Enhanced only | Included |
| Business Income Dependent Property | Enhanced only | Optional |
| Business Personal Property (BPP) | $40M Max. PML per policy | $40M Max. PML per policy |
| Business Personal Property at Newly Acquired Premises | $100,000 | $250,000 |
| Accounts Receivable | $5,000* | $25,000* |
| Back Up of Sewers or Drains | $1000 per Occurrence for Each Described Building | $1000 per Occurrence for Each Described Building* |
| Building Glass | Included | Included |
| Business Income | 18 Months, Actual Loss Sustained | 18 Months, Actual Loss Sustained |
| Claims Expense | $1,000 | $5,000 |
| Computer Coverage (Hardware) | $10,000* | $25,000* |
| Computer Coverage (Media & Records) | $1,250* | $6,250* |
| Crime Conviction Reward | $5,000 | $10,000 |
| Debris Removal | Up to 25% of a covered loss plus up to $10,000 additional* | Up to 25% of a covered loss plus up to $25,000 additional, in addition to the $10,000 included* |
| Equipment Breakdown | Usually enhanced only | Included in Limit of Insurance Selected for each Building |
| Extended Replacement Cost | Usually enhanced only | Up to 125% of Limit of Insurance for the Described Building |
| Fire Department Service Charge | $1,000 | $5,000 |
| Fire Extinguisher Recharge | $2,500 | $5,000 |
| Limited Collapse or Water Damage | Included | Included |
| Lock Replacement | $100 per lock/$5,000 per Occurrence* | $100 per lock/$10,000 per Occurrence* |
| Newly Acquired or Constructed Property | Up to $1,000,000 per Described Building | Up to $1,000,000 per Described Building |
| Outdoor Property | $500 any one tree, Plant or Shrub/$2,500* | $500 any one tree, Plant or Shrub/$2,500* |
| Outdoor Signs | $10,000 per Described Building* | $25,000 per Described Building* |
| Perishable Goods | Usually enhanced only | Included |
| Personal Property Off Premises | $5,000 | $5,000 |
| Pollutant Clean-Up & Removal | $10,000* | $25,000* |
| Premises Boundary Definitions | 100 feet | 1,000 feet |
| Tenants Move Back Coverage | Usually enhanced only | $10,000 per loss Occurrence per Described Building |
| Valuable Papers and Records | $5,000* | $25,000* |
| Crime Coverages | Basic Package Limits | Enhanced Package Limits |
| Employee Dishonesty | $10,000* | $25,000* |
| Money Orders and Counterfeit Papers | $1,000 per Occurrence | $1,000 per Occurrence |
| Forgery and Alteration | $2,500 Maximum | $2,500 Maximum |
| Money and Securities | $10,000 Inside or Outside* | $25,000 Inside or Outside* |
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