{"id":1489,"date":"2019-10-11T08:43:30","date_gmt":"2019-10-11T14:43:30","guid":{"rendered":"https:\/\/www.insuringky.com\/blog\/?page_id=1489"},"modified":"2019-10-11T08:43:31","modified_gmt":"2019-10-11T14:43:31","slug":"commercial-property-insurance","status":"publish","type":"page","link":"https:\/\/www.insuringky.com\/blog\/commercial-property-insurance\/","title":{"rendered":"Commercial Property Insurance"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"alignleft is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.insuringky.com\/blog\/wp-content\/uploads\/2019\/10\/commercial-building-1.jpg\" alt=\"\" class=\"wp-image-1490\" width=\"164\" height=\"247\"\/><figcaption>Commercial Building Insurance<br><\/figcaption><\/figure><\/div>\n\n\n\n<p><strong>Commercial Buildings<\/strong><\/p>\n\n\n\n<p>Buildings that are considered  Commercial Property fall under a wide range of structures.  Offices, retail, warehouses, garages, hotels, and many other items are considered Commercial Property.  Insurance requirements for Commercial Buildings also vary.  <\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Functional Replacement Coverage<\/strong><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignleft is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.insuringky.com\/blog\/wp-content\/uploads\/2019\/10\/Old-factory.jpg\" alt=\"\" class=\"wp-image-1491\" width=\"263\" height=\"140\" srcset=\"https:\/\/www.insuringky.com\/blog\/wp-content\/uploads\/2019\/10\/Old-factory.jpg 308w, https:\/\/www.insuringky.com\/blog\/wp-content\/uploads\/2019\/10\/Old-factory-300x160.jpg 300w\" sizes=\"auto, (max-width: 263px) 100vw, 263px\" \/><figcaption>Old Factory<\/figcaption><\/figure><\/div>\n\n\n\n<p>As time passes some buildings are no longer used for the purpose which they were originally designed for.  When this happens so may insurance requirements.  <a rel=\"noreferrer noopener\" aria-label=\"Can Functional Replacement Coverage better serve your commercial building insurance needs?  Learn more. (opens in a new tab)\" href=\"https:\/\/www.insuringky.com\/blog\/functionally-valuing-older-business-property\/\" target=\"_blank\">Can Functional Replacement Coverage better serve your commercial building insurance needs?  Learn more.<\/a><\/p>\n\n\n\n<p><strong>Coinsurance<\/strong><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignleft\"><img loading=\"lazy\" decoding=\"async\" width=\"288\" height=\"175\" src=\"https:\/\/www.insuringky.com\/blog\/wp-content\/uploads\/2019\/10\/commercial-building-storm-damage.jpg\" alt=\"\" class=\"wp-image-1492\"\/><figcaption>Storm damaged Commercial Building.  Coinsurance?<br><br><\/figcaption><\/figure><\/div>\n\n\n\n<p>Coinsurance has a significant impact on the coverage limits applicable to your Commercial Building Insurance.  <a rel=\"noreferrer noopener\" aria-label=\"Learn more.... (opens in a new tab)\" href=\"https:\/\/www.insuringky.com\/blog\/coinsurance\/\" target=\"_blank\">Learn more&#8230;.<\/a><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p style=\"text-align:left\"><\/p>\n\n\n\n<p><strong>Vacant Buildings<\/strong><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignleft is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.insuringky.com\/blog\/wp-content\/uploads\/2018\/07\/Vacant-building-1.jpg\" alt=\"Vacant Commercial Building\" class=\"wp-image-481\" width=\"258\" height=\"144\"\/><figcaption>Vacant Commercial Building<\/figcaption><\/figure><\/div>\n\n\n\n<p>Buildings that are vacant have different risks than those that are occupied.  Most Commercial Property policies have language that excludes coverage for the vacant buildings.  What risks are you exposing yourself too by having a vacant building?   <a rel=\"noreferrer noopener\" aria-label=\"Continue for additional information. (opens in a new tab)\" href=\"https:\/\/www.insuringky.com\/blog\/commercial-insurance-vacant-buildings\/\" target=\"_blank\">Continue for additional information.<\/a><\/p>\n\n\n\n<p><strong>Certificates of Property Insurance<\/strong><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignleft\"><img loading=\"lazy\" decoding=\"async\" width=\"275\" height=\"183\" src=\"https:\/\/www.insuringky.com\/blog\/wp-content\/uploads\/2019\/10\/Proof-of-Insurance.jpg\" alt=\"\" class=\"wp-image-1493\"\/><figcaption>Proof of Insurance<\/figcaption><\/figure><\/div>\n\n\n\n<p>There are many instances where you may need to provide proof that your building is insured.  If your business owns a building and has a mortgage, you will need a certificate of insurance to provide to the mortgage holder.  <\/p>\n\n\n\n<p>In some cases, Landlords demand that insurance be provided by the Tennant and again you will need to provide a certificate of insurance.  <a rel=\"noreferrer noopener\" aria-label=\"Learn more.. (opens in a new tab)\" href=\"https:\/\/www.insuringky.com\/blog\/certificate-of-property-insurance\/\" target=\"_blank\">Learn more..<\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Commercial Buildings Buildings that are considered Commercial Property fall under a wide range of structures. Offices, retail, warehouses, garages, hotels, and many other items are considered Commercial Property. Insurance requirements for Commercial Buildings also vary. Functional Replacement Coverage As time passes some buildings are no longer used for the purpose which they were originally designed [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-1489","page","type-page","status-publish","hentry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/pages\/1489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/comments?post=1489"}],"version-history":[{"count":1,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/pages\/1489\/revisions"}],"predecessor-version":[{"id":1494,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/pages\/1489\/revisions\/1494"}],"wp:attachment":[{"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/media?parent=1489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}