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Texas Auto Home can provide three forms of
commercial property insurance in to San Antonio businesses. It is important to understand what these coverage options are in order to make the most economical and practical level of investment, and it is important to work with an insurance agency that understands San Antonio and is able to cross reference available policy options to the geography you reside in and the individual needs of your business.
The following summaries examine the three types of coverages we offer and what you can expect from each of these policy forms.
1. Basic
Basic commercial property insurance in San Antonio tends to be the least expensive due to its somewhat limited scope. It covers damages from common perils such as fire, lightning, high winds, and vehicle collisions.
Typically the policy limits are lower, so the premiums are lower as well. This is a great cost savings, but it limits a business owner’s protection from unforeseen dangers and uncommon perils
A new investor buying property for the first time in San Antonio often wants cheap commercial property insurance due to a very tight budget. This is ok for starters, but it is almost always better to upgrade to a more extensive form of coverage as soon as funds become available.
Basic commercial property insurance in San Antonio will keep a new business in full compliance with Texas state law minimum requirements.
Broad form commercial property insurance will give San Antonio businesses more protection on the business itself and not just the building.
2. Broad Form
At its core, Broad Form Insurance for San Antonio commercial property acts much the same way as basic insurance. Like a building, however, there is much more to the policy than the foundation.
It covers more that the common perils of Central Texas weather and structural impact damage. It also protects against less common—but often exorbitantly costly—calamities like broken windows, water damage, or building collapse.
Texas Auto Home also provides broad coverage commercial insurance for the San Antonio landlord’s HVAC equipment. This insures the system itself both on a component level and an operational level.
When necessary, we will extend broad coverage to exterior signage and glass so that all structures on premises, not just buildings and windows, are covered.
3. Special Form
Of all the forms of commercial property insurance in San Antonio, special form coverage offers the best protection from common perils, unexpected calamities, and specified items of concern.
For example, a new acquisition of adjacent property may require immediate coverage. Texas Auto Home can provide this quickly and cost effectively at the time of purchase.
When property must be repaired or renovated, this costs a business downtime. The resulting loss of income can also be insured against under Texas commercial property special form insurance.
A San Antonio commercial insurance policy can recover finances for a period of up to 12 consecutive months.
Also, when buildings undergo reconstruction, building laws may change and require the property owner to update or rebuild to meet compliance. Our coverage for this peril includes any necessary demolition costs as well.
Other, additional coverages are too extensive to describe in length, but they are essential to protect the highly diversified San Antonio Landlord. A few examples include, but are not limited to:
- Contractor liability coverage- for service specialists and artisan contractors
- Advertising liability insurance- protects San Antonio companies against litigation resulting from print, media, or Internet advertising.
- Personal injury- covers your personal medical bills resulting from accidents on premises
- Bodily Injury- covers the medical bills of a third party hurt on your premises
- Property Damage- specific damages covered as addendums to policy.
While commercial property insurance in San Antonio may appear complex and even overwhelming, George White, President of Texas Auto Home Insurance, will help explain all coverage options simply and help you determine which options are best for you.
Prior to founding his company, George spent several years in underwriting and is well versed in the complexities of commercial property insurance that San Antonio investors often face. For 23 years now, he and the staff at Texas Auto Home Insurance have offered services to Dallas, Fort Worth, Austin, San Antonio, Houston, and all counties and rural areas of our great state.
Call
1-866-663-5262 for a
free quote right now, or use our simple online form. Your information will be kept strictly confidential at all times.
