How are premiums for commercial property insurance calculated?

Factors include the property's location, construction materials, occupancy type, protective devices, and the chosen coverage limits and deductibles.

Premiums are calculated based on factors like property location, type of construction, occupancy, security measures, claims history, and the coverage amount.

An urban property with higher risk of theft has higher premiums than a similar property in a rural location with lower risk.

Work with an insurance broker to evaluate your property’s replacement cost and avoid underinsurance penalties.