Commercial Property Insurance in Arizona

What would you do if your business were destroyed by a fire or storm? Having sufficient commercial property insurance could offer you security during times of crisis. The San Marcos Insurance Group in Chandler, AZ understands that you cannot keep your business going after a disaster unless you are supported with the proper business insurance.

What to Do for Your Property Insurance

Take an inventory of your business items, including equipment, material, as well as the buildings specs. When you go to your insurance agent to set up property insurance, let them know whether or not you own the property. If you are renting space, some landlords may require you to have a certain minimum amount of coverage according to your rental agreement.

What Commercial Property Insurance May Cover

Depending on the type of coverage your policy details, you may have all of the following included if you need to file a claim:

  • The building and the windows
  • Any signage that is damaged
  • Desks, chairs, and other office equipment
  • Landscaping and any fencing

Additional Coverage to Consider

Because commercial property insurance normally covers only property that is at one specific business location, you may require additional coverage such as Business Interruption Coverage or Electronic Data Processing Insurance.

Business Income Interruption is optional insurance that covers lost profits and expenses while your business is closed. If you need time to remodel because of a flood, you may be able to use your business interruption insurance to replace your lost income.

Electronic Data Processing, or EDP, is property insurance that has to do with protecting computer data related to your business. Commercial property insurance has a limited policy concerning electronic data, so adding EDP you have a better chance of being covered if your system is compromised.

If you are in the Chandler, AZ area, walk into the offices of the San Marcos Insurance Group. They have knowledgeable professionals that can help you with your commercial property insurance.

Do You Have to Be Related to The Beneficiary on Your Life Insurance Policy?

Life insurance is a complicated thing if you do not know what you are looking at. For those that are looking into naming a beneficiary, there are some qualifications that you should consider. For those that live in the Chandler, AZ area, the agents with San Marcos Insurance Group can help you to find the answers that you need.

When it comes down to it, anyone can be named as the beneficiary on an insurance policy. The hang up is that you must have their social security number, address, and their legal name. You must also provide these same details for yourself. There are some full stops that keep people from randomly taking out insurance policies on you without your knowledge. Any insurance policy is going to require a signature of the person whom the policy covers.

This means that if you are taking the policy out on yourself, you simply provide your own information and then sign and name the beneficiary. If you feel that the beneficiary might be challenged, you should take your documents to a notary public that can stamp and date them and prove that both parties were present when the policy was signed.

 In most cases, an insurance company does not care who is named a beneficiary. You do however need to make sure that your beneficiary knows that they have been named and that they have access to any pertinent paperwork or information that they may need to actually collect the policy. Since insurance does not require that you be related to the person you name as the beneficiary, you want to take your time selecting them. For those in the Chandler, AZ area, the agents with San Marcos Insurance Group can help you find the perfect policy.