Commercial Property Insurance Florida
Commercial Property insurance covers the building that your business owns or rents. A Florida commercial property insurance policy would also cover equipment, computers, tools and furniture. Let the agents at Norton Insurance of Florida help you evaluate your commercial property insurance needs to find a plan for your liabilities and risks.
Probably the hottest topic in the Florida insurance market right now because it affects all of us. The prices for this are largely driven by the cost of reinsurance, which is provided by huge international companies based out of London, Zurich, Munich, Bermuda, and others. This makes us, along the high-risk coastal areas, more susceptible to changes in price based on factors completely outside our control, such as flooding in Germany, wildfires in California, or of course hurricanes basically anywhere
Commercial property is a little more forgiving in update requirements compared to what we see if home insurance but expect rates to be higher, largely because of less competition and few domestic or admitted options along the coast. Replacement cost of commercial building materials and specialty contractor requirements are also a factor.
Getting competitive prices on this coverage is all about options. We have many options, some with proprietary or exclusive relationships who can provide coverage when others cant. Sometimes it is the 11th or 12th insurance company we approach that provides the best quote.
Commercial Property protection in Florida
Commercial Property insurance is one of the most important types of insurance to better protect your business.
Here are some additional lines of insurance that we service:
- Garage Keepers
- Professional Offices
- Property Managers & Owners
Some tips for properly insuring commercial property:
- Find the year or updates to electrical, hvac, plumbing, and the roof.
- ACV is very different from RCV, with RCV preferred
- High deductibles or roof exclusions may be a solution for tough-to-insure properties
Call one of our professional agents for more about commercial property insurance in Fort Walton Beach Florida including the Crestview, Destin, Miramar Beach, Niceville, and Santa Rosa Beach areas.
