Everything about Prizee
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Commercial landlord insurance

Go down

Commercial landlord insurance  Empty Commercial landlord insurance

Post  sangbmt Mon Aug 01, 2011 2:08 pm

you own, and rent or lease out, a property to a third party then you will need to have a residential or commercial property owners / commercial business insurance policy. Residential, is of course for houses and flats and is also known as buy to let insurance. Commercial is where you lease a business premises to a third party. Where there is a cross over, for example a shop with flats above, then this will always go under a commercial property policy.

It is not difficult to work out, in the main, what is covered. The building, or the structure, is what you need to have cover for. It is the actual bricks and mortar, roofs, windows, floors and internal fittings. Think of the buildings cover as everything that you would not necessarily take with you when you move house or premises. You may have a fitted laminate floor, this would fall under buildings. But what happens to curtains, carpets and flooring (including carpet tiles and moveable laminate)? Where should this be covered?

Interior Designer Miami
Mississauga Condo

sangbmt


Posts : 360
Join date : 2011-01-11

Back to top Go down

Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum