Frequently Asked Questions
Who Needs Commercial Property Insurance?
Commercial property insurance isn’t just for a commercial property owner and building managers. It can be beneficial for tenants who rent or lease a commercial property of any kind.
In some states, it might not be required by law, but it is still a good idea. In other states, certain types of coverage are required for specific types of properties and businesses. Understanding your coverage requirements and needs takes an experienced eye, which is what you get with Healy Brokerage on your side.
What Is Evidence of Commercial Property Insurance?
Some states and municipalities require commercial property insurance by law. This means being able to provide “Evidence of Commercial Property Insurance” in the form of a COI certificate. Keeping this certificate on hand or making sure it is available to your property manager will go a long way toward proving compliance should your building be inspected.