Blog · Coverage Explained
Coverage Explained
commercial property insurance guides in coverage explained, written and reviewed by Nate Jones, CPCU.
- Coverage Explained
Waiver of Subrogation in a Commercial Lease
A lease clause promises the waiver. The policy has to perform it. The property and liability sides do that by different mechanics, and order matters.
- Coverage Explained
Umbrella Limits and the Schedule-of-Underlying Trap
An umbrella is a separate contract with a condition attached: keep the scheduled policies exactly as scheduled. What happens when one of them moves.
- Coverage Explained
The Standard Fire Policy: Why the 1943 Form Still Shows Up in Commercial Building Coverage
A fire policy standardized in New York in 1943 is still enacted law in some state codes, and mandated by reference elsewhere. Which one governs you.
- Coverage Explained
Tenant Discrimination Exposure for Commercial Landlords
A discrimination complaint is not bodily injury or property damage, so the liability form never reaches it. Where that gap comes from, in the form’s words.
- Coverage Explained
NNN Leases: Who Insures What
Triple net decides who pays the premium. It does not decide whose policy answers. The forms behind the split, and the endorsements that make it hold.
- Coverage Explained
Additional Insured: What a Commercial Landlord Actually Needs on the Tenant’s Policy
Three ISO endorsements get named in commercial leases and only one was written for a building owner. What each grants, and what none of them do.
- Coverage Explained
The Vacancy Clause and When It Starts Running
The vacancy provision is a loss condition, not an exclusion. Where it sits in the form, what its two halves do, and why the wording is not national.
- Coverage Explained
Replacement Cost vs Actual Cash Value on a Commercial Building
Valuation basis is one line in the loss conditions and it decides what a claim funds. How depreciation is derived, and when functional valuation is honest.
- Coverage Explained
Ordinance or Law, in Plain Terms
Ordinance or law is one endorsement carrying three separate coverages with separate limits. What each pays, and why a partial loss is where it matters.
- Coverage Explained
Coinsurance on a Commercial Building
Coinsurance is a condition on your own limit. How the reduction is calculated, why it reaches small claims, and the endorsement that switches it off.
- Coverage Explained
What Is Lessor’s Risk Insurance?
Lessor’s risk covers the building you own and lease to somebody else. What it includes, who needs it, and why a tenant’s policy never substitutes.
- Coverage Explained
How Loss of Rents Actually Pays
Rent coverage pays a demonstrated loss, in arrears, against a defined period — not a copy of your rent roll. How the number is built and what proves it.
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