The importance of being properly insured

5/1/2020 (Permalink)

This building was vandalized and had a burglar spray fire retardant all over the space. SERVPRO was onsite in under an hour to assist with cleanup.

Insurance is not a fun or exciting topic. If you are a business owner though, it is extremely important to know what kind of insurance to have, and what your coverage limits are.  If you do not have the right insurance, you may not be covered in the event of a fire, water, or earthquake emergency.  

The first thing to do is to call your insurance agent and ask what types of emergencies are covered in your policy. If you do not have adequate coverage you should ask how much additions to your policy would be and add them. It is better to be safe than sorry when it comes to having proper insurance coverage. Find out what your insurance policy covers before you need it and then when you need you will have no stress or headaches.

Also, some policies stipulate you must have burglar alarms, or cameras, etc.  Be sure to find out what you have to do to hold up your end of the bargain.

We have personally seen insurance companies decline water damage claims for businesses that were supposed to have burglar alarm systems in place, did not, and had an intruder vandalize the building and cause catastrophic water damage.  Had this business owner installed the burglar alarm, the claim would have been covered.

SERVPRO of San Diego City SW is always here to help.  Reach us at 619-269-5004.