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5 Essential Considerations for Insurance When Buying or Investing in Commercial Property

Jackson & Jackson

Liability Insurance Liability insurance is essential for any commercial property owner. Ensure that your property is accurately assessed to avoid being underinsured, which can lead to significant out-of-pocket expenses, or overinsured, which can unnecessarily increase your premiums.

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The Real Cumulative Cost of an Auto Insurance Claim

Freeway Insurance

Out-of-pocket expenses Sometimes, even after paying the deductible, there may be other expenses that your insurance does not cover. These are called out-of-pocket expenses. The amount depends on the severity and frequency of claims. One important factor is the type of insurance you have.

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Understanding Multi-Family Property Insurance in California.

Jackson & Jackson

It covers property damage, loss of income, liability claims, etc. Additionally, it can provide coverage for business interruption, tenant improvements, and liability claims arising from third-party injuries or property damage on the premises. It is important to note that inadequate coverage can have severe consequences.