Key Features of Commercial Fire Protection Coverage

5/19/2022 (Permalink)

Commercial Fire Protection Coverage Highlights

The business you own or run in Downtown Oklahoma City, OK, could be a fragile enterprise without a solid fire insurance policy. In less than 24 hours, a fire could destroy a facility or cause thousands if not millions of dollars of damage. This makes getting a strong policy a necessity. While getting a fair deal is important, the real value of insurance is what it will do for your company after a disaster. A few features are essential for excellent coverage.

Insure the Full Value of Your Property

Underinsuring company holdings and property could save you a few dollars every year on premiums, but it could cost you a lot if a major fire strikes. Even in the case of a partial loss fire, you could see a reduction in the amount the insurance company pays out for fire restoration. The insurance provider will calculate the payment of a claim based on a formula that considers the percentage of underinsurance. To avoid this situation, take these steps:

• Insure for the full value of your property
  
• Use the services of a professional appraiser
  
• Do not take a shortcut in determining the worth of your building

Good commercial insurance is there in case you need it. Skimping on coverages can put your company's future at risk.

Get Fire Insurance That Lets Your Company Rebuild

After a fire, your company will need to rebuild. Only an experienced fire mitigation team has the tools, training and resources needed to return your building to its pre-fire condition. Certified technicians know how to perform a successful smoke cleanup and to make sure water damage does not lead to mold growth.

Inadequate fire insurance could mean that your company will not have the money to rebuild after a fire. A strong policy is a necessity for just about every business.