I recently came across a web posting on TeachSoap.com which to my delight provides a fantastic outline of the thought process a Small Business owner should have when setting up their small business insurance policy.
Why Your Rental Property Insurance Costs More Than Homeowners Insurance
When you switch your insurance from the owner occupied homeowner insurance to the non-owner occupied rental property insurance you’re shocked to find out that the cost is more.
How are insurance claims handled on a partial loss?
If the partial loss is valued at Replacement Cost you get new for old, like kind and quality in today’s dollars. Pretty simple.
What is coinsurance and how does it affect my building insurance?
Co-Insurance can have a drastic affect on how an insurance loss is valued because not meeting coinsurance requirements can mean you receive payment based on Actual Cash Value instead of Replacement Cost.
