As a business owner, you’ve probably heard colleagues discuss the importance of commercial insurance. You know you need it, but you might be wondering where to start. We at Neff & Associates Insurance Services Inc realize that it can be difficult to determine whether or not you, as a business owner, should consider investing in commercial insurance, so we’ve come up with a bit of information to help demystify this type of coverage.
What is commercial insurance?
Commercial insurance protects businesses and business owners from liability and other claims related to a company’s official operations. These policies cover adverse events related to activities typically carried out during the delivery of commercial services. With commercial insurance, it’s critical to select a plan that includes the specific activities your business engages in. A company that employs drivers and provides vehicles for employee use will need different coverage than a retail business in which customers shop at physical stores.
Important things to know about commercial insurance
When it comes to selecting commercial insurance coverage, it’s important to ensure you are following your state’s legal requirements. Here’s an example — if you operate a business in Pismo Beach, CA, you’ll need to ensure the coverage you select meets California’s requirements for commercial insurance coverage as it relates to the goods and services you offer. An experienced agent can facilitate the process and help you select the appropriate coverage.
Give us a call! We’re here to help
We at Neff & Associates Insurance Services Inc serve central California, including Pismo Beach, CA — so if you’re interested in discovering more about your insurance options, give us a call to set up an appointment. We offer several types of insurance coverage and are happy to assist you with a comprehensive review of your insurance requirements.
The brief answer is a yes. The home insurance policy covers foundation damages caused by incidents covered under the policy, and it does so to the policy’s limits. Your home insurance policy is meant to protect your home from a wide array of unanticipated incidents that can damage your home and lead to costly repairs. But the home insurance policy has limits, and it can’t cover damages resulting from negligence or uncovered perils.
When Does Home Insurance Cover for Foundation Damage?
Ideally, home insurance covers foundation damages when the damages are a result of accidental and sudden events. Such events may include the fall of a big tree or the accidental ramming of a truck into an elevated foundation.
Here are some of the common perils covered under your home insurance.
- Falling objects
- Lightning and fire
- Hailstorms and windstorms
- Civil disturbances and riots
- Ice and snow damage
- Aircraft or vehicle damage
- Water damage caused by the HVAC or plumbing system
- Volcanic eruptions
- Earthquakes and floods may also get covered on separate policies.
If the cause of your foundation’s damage is among the covered perils, then your home insurance company may intervene and help in the repair process. But if the damage results from an uncovered source of risk or negligence, then there will be no compensation.
When Does Home Insurance Fail to Provide Coverage in Foundation Damage?
Your home’s foundation is subject to normal wear and tear, and it may crack and be unable to seal out moisture as it settles. The home insurance company isn’t obliged to pay for such typical repairs and maintenance. Neither is it mandated to pay for foundation damages resulting from negligence. For instance, pressure from tree roots, poor drainage, and faulty construction may lead to foundation damage, yet such events are preventable. If these events cause foundation damage, then there is no compensation.
Get Your Home Insurance Cover Today from Neff & Associates Insurance Services Inc
If you’re a Pismo Beach, CA, resident, visit the Neff & Associates Insurance Services Inc. website to get the best home insurance offers for your Pismo Beach, CA, home.