Which Property Insurance Exclusions Should Your Business Know? Are you aware of what property insurance policies typically exclude? In this video, we’ll explain the common property insurance exclusions that every business owner should know about. Understanding these exclusions can help you avoid unexpected expenses and ensure your business is adequately protected. We’ll cover why damages from natural disasters like earthquakes and floods often require separate coverage, and how wear and tear, rust, or poor maintenance are generally not covered. You’ll learn about the importance of intentional damage exclusions, including vandalism and arson, as well as damages caused by acts of war, terrorism, or nuclear incidents. We’ll also discuss pollution and environmental contamination exclusions, along with the impact of occupancy status on coverage, especially for vacant properties. Additionally, we’ll highlight the importance of insuring valuable property like jewelry, artwork, and electronic data, and why businesses operating from detached structures need specialized policies. Finally, we’ll clarify how business interruption coverage depends on the covered property damage. By understanding these common exclusions, you can work with your insurer to add necessary endorsements, such as flood, earthquake, or terrorism coverage, and ensure your business is fully protected. For more helpful tips, check the resources mentioned in this video.
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