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commercial property insurance

Commercial property insurance protects a commercial building and its contents—such as inventory, computers, telephone systems, documents, furniture, HVAC systems, machinery, and equipment—as well as exterior features such as signs, fences, gates, lighting, and landscaping—from damage caused by fire, burst pipes, storms, theft, and vandalism.

Damage caused by earthquakes and floods is generally not covered by a commercial property insurance policy unless coverage for those natural disasters is added to the policy.

In Minnesota, commercial property insurance is designed to safeguard businesses against the loss or damage of physical assets such as buildings, contents, and other property used in the business. This type of insurance typically covers perils like fire, burst pipes, storms, theft, and vandalism. However, it's important to note that standard commercial property policies do not usually cover earthquake or flood damage. Business owners in Minnesota seeking coverage for these specific natural disasters would need to purchase additional endorsements or separate policies that specifically address these risks. It's also crucial for policyholders to understand the specific terms, coverage limits, and exclusions of their policies, which can vary among insurance providers.

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Insurance

commercial property insurance

As a LegalFix Member You Will Be an Important Client of Local Law Firms

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Minnesota State Code

Minnesota State Code

Insurance

commercial property insurance

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