Why Property Managers Value The Right Insurance

November 25, 2015

5139817_xlOur commercial Insurance products are designed to write newer office and Industrial risks as well as Condominium Associations. We often get asked the question; “Is there any difference between commercial insurance programs? We always answer yes there is.

Here are a few examples of how the wrong commercial property insurance can hurt your business.

  1. A property manager had rental income coverage but with a specific limit. A severe loss caused the entire property to be shut down for 18 months. The limit on the policy was exhausted after 6 months. If they would have had our program, they would have Rental Income Coverage for the Actual Loss Sustained.
  2. A condominium association has a major loss that required six buildings to be demolished and the debris removed. Their policy had only $2,000,000 of debris removal. The actual cost to remove the debris was $3,400,000.

Our Commercial Real Estate Insurance is able to negotiate extremely competitive rates.  Safe Harbor Insurance knows business in our communities – you can find our offices in Friday Harbor, and our clients all around WA. As an independent insurance agency, we take pride in reviewing your options with multiple insurance companies and comparing protection and prices to find the best value for your business.

We’re proud members of the Friday Harbor, San Juan County and Pacific Northwest marketplace, and we’re committed to being an advocate for you and your business in times of need.