Commercial Property Insurance in Grand Junction, Montrose and surrounding areas in Colorado

Every business owner needs to make insuring property assets a priority. Without the right commercial coverage in place, the business might find itself in an unsustainable situation if property damage occurs.  

Commercial property insurance can seem overwhelming to the consumer due to its highly specific nature—and the fact you need unique, customized benefits to fully protect yourself and your assets can be off-putting. With the help of the committed team at Home Loan Insurance, you can create a commercial property insurance package that protects you, should property damage occur.  

Call us today at 970-243-6600 or request your free policy quote online to learn more!  

Common Commercial Property Insurance Questions  

What Is Commercial Property Insurance?  

If your home burned down, you would use the dwelling and possessions coverage within your home insurance policy to pay for repairs and replacement items. Commercial property insurance is essentially the same, except it applies to your business’s property. When unexpected, unavoidable problems damage your workplace, appropriately tailored benefits will help you with the recovery process.  

Why Is Commercial Property Insurance Important?  

Every business owns property, and that property represents monetary value. Property damage impacts your ability to operate and turn a profit. This creates a high risk of financial insecurity, so you need to be able to rebuild your operation as effectively and efficiently as possible. Commercial property insurance provides the money to help you do so, thus limiting your financial liability in the face of unforeseen losses.  

What Does A Commercial Property Insurance Policy Cover?

Property belonging to your business that is insurable under commercial property insurance includes:  

However, policies only cover property damaged in covered perils, which usually include unforeseeable acts like fires, severe weather (hail, lightning etc.), break-ins, vandalism or similar incidents. Accidental or intentional damage, along with flood damage, are not covered. Commercial flood insurance is available as separate coverage.  

How Much Commercial Property Insurance Do I Need?  

Making your property insurance specific to you requires attention to detail, and you often need to supplement your benefits with more expansive coverage, such as:  

• Scheduled Commercial Property Insurance: You will insure different pieces of property under separate policy limits.  

• Inland Marine Insurance: This covers items when you are transporting company property or third-party property away from your main location (such as to a work site).  

• Bailee’s Customer Coverage: When a customer leaves their belongings in your care, they could be damaged in a covered peril. This coverage will pay for the losses.  

• Business Income Coverage: When your property sustains damage, you could face a halt in operations or loss of income as a result. This benefit can help you recover the lost money.  

If you do damage to third-party property, then you will cover this property damage under your general liability insurance.  

What Will My Property Insurance Cost?  

Multiple factors can influence the cost of your property coverage, including:  

We are committed to making commercial insurance benefits affordable for every business owner, no matter what their budgetary objectives. Call us today to learn more about your coverage options.