Remove Liability Remove Out-Of-Pocket Expense Remove Theft
article thumbnail

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

Jackson & Jackson

It covers the physical structure of your building and its contents against fire, theft, and some natural disasters. Liability Insurance Liability insurance is essential for any commercial property owner. Understanding the Types of Coverage Available Property Insurance This is the most basic form of insurance you’ll need.

article thumbnail

The Real Cumulative Cost of an Auto Insurance Claim

Freeway Insurance

It could be an accident, theft or storm damage, for example. When you file a claim, you are telling your insurance company what happened, and you expect them to take care of the costs of fixing your car, medical bills or other expenses, as long as the rules of your insurance plan are met. These are called out-of-pocket expenses.

article thumbnail

Understanding Multi-Family Property Insurance in California.

Jackson & Jackson

It covers property damage, loss of income, liability claims, etc. With the right insurance coverage, investors can mitigate financial losses resulting from unforeseen events such as fires, storms, theft, or vandalism. A comprehensive insurance policy that includes essential coverage, such as fire, theft, and liability, is crucial.