Does Commercial Insurance Have Any Type of Property Damage Payout?

If you operate a business in Phoenix, AZ, then it is of the utmost importance that you invest in commercial insurance. There are many benefits to having this type of insurance, including the ability to receive coverage in the event of an unforeseen covered event, such as fire to your business’ building structure. The exact benefits to be gained by this type of policy will be outlined in the policy’s terms and conditions as well as in the fine print. It is important that you speak with a qualified agent from Genesis Insurance to learn more about the ways you can benefit from commercial insurance. For now, let’s take a look at commercial insurance and its benefits regarding property damage payouts. 

You never know when a disaster could occur, such as a major windstorm blowing through Phoenix, AZ. When this type of disaster occurs, you want to make sure your business is protected by commercial property damage coverage. There are certain kinds of property damage payouts that can be obtained from your commercial insurance policy during a disaster like a wind storm, but the fine print of your policy will tell you what is and is not covered. 

Another example of when your commercial insurance policy may pay out for property damage is when a delivery truck driver accidentally backs into your building instead of the docking port. If their insurance doesn’t cover the extent of the entire loss, your insurance may kick in and pay for what his insurance didn’t cover. 

To learn more about commercial insurance and the types of property payouts that it has, you need to speak with an agent from Genesis Insurance serving the Phoenix, AZ area. Reach out to our offices to get started.