Commercial Earthquake Insurance Your belonging are worth more than you think, and your landlord won’t replace them. A. Cheng.Tang@rlicorp.com. Phone. Senior Underwriter. You never know when natural disasters will strike, but when they do you want to be prepared for the worst. Commercial earthquake insurance can be very important in some parts of the United States, where earthquakes can cause severe damage. Commercial Earthquake Insurance We’re ready to help you In the event of an earthquake, your commercial or business policy will not help you rebuild, recover, and rebound. Commercial earthquake insurance can be very important in some parts of the United States, where earthquakes can cause severe damage. 213-683-0838 ext. Despite the fact that 90% of American businesses are located in seismically active areas, few business owners ever consider the need for Earthquake Insurance. Most commercial property policies exclude coverage for earthquake damage (including earthquake sprinkler damage, etc. actually discuss earthquake insurance with their commercial clients. You’ll want to consider commercial earthquake insurance, especially if your business is located near a geological fault line, where many earthquakes tend to occur. Earthquakes can really shake the foundations of your business, and since they’re hard to predict, it’s important to make sure your business is covered. In the event of an earthquake, if you want your insurance to cover the damage costs, you’d first have to pay 10% of $100,000, which would be $10,000. Earthquake insurance is important because it decreases the post-earthquake loss burden on individuals, businesses and society in general. Most commercial property policies exclude coverage for earthquake damage (including earthquake sprinkler damage, etc. The impact and damage to commercial operations is different, and more complex, than in the residential market. Insurance serves as an important tool in transferring the risk of earthquake damage and funding recovery efforts. The Insurance Dude provides Business & Personal Insurance in Ventura, Oxnard, Camarillo, Ojai, Oak View and throughout the State of California. Most commercial property policies exclude coverage for earthquake damage (including earthquake sprinkler damage, etc. ). Email. At Dickstein Associates Agency, […] What does commercial earthquake insurance cover? Commercial Earthquake & Flood (DIC) Commercial Property Insurance. Earthquake insurance covers damages to buildings and business properties. Your business earthquake policy will generally cover damage to your building and to your business property such as your inventory. (805) 650-3300 Ventura, CA Toggle navigation Coverage in earthquake insurance policies and/or plans begins when damages exceed deductibles of policies and/or plans for earthquake insurance. Commercial earthquake insurance built for your business. It, in some cases, covers lost income that results from damages that earthquakes cause. 2013. Depending on the policy, lost business income caused by an earthquake may also be covered. Commercial earthquake insurance can be very important in some parts of the United States, where earthquakes can cause severe damage. ). Standard commercial earthquake insurance usually covers damage to your building and your business property, like … ). If inadequately prepared, earthquake disasters could cripple California’s economy and impact global business operations for a prolonged period of time. Commercial Earthquake & Flood (DIC) Commercial Property Insurance. Deductible percentages vary per state and per insurance company, but they normally range from 10 to 25% of the coverage limit.
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