What type of insurance do I need to purchase when buying or leasing commercial real estate?

When buying or leasing commercial real estate in Florida, it is important to purchase the right type of insurance to cover the property. One of the most important types of insurance to consider is property insurance. This insurance covers the commercial real estate itself, in the event of damage to the building caused by a variety of disasters, such as fire, weather, or vandalism. Property insurance also covers any accessory structures, such as sheds or fences, located on the property. Another type of insurance to consider is liability insurance. This covers any claims or lawsuits for issues that arise with the commercial real estate, such as injury or property damage. This type of insurance is particularly important for renters or landlords of commercial real estate, as it protects them from issues that arise from the activity of the tenant. Lastly, it is important to consider purchasing business interruption insurance, which covers losses that may arise from business interruption due to natural disasters or other events. This type of insurance is especially beneficial for businesses that rely on the leased commercial real estate. Overall, purchasing the right type of insurance to cover commercial real estate is crucial in protecting the property and potential losses that may arise when renting or leasing the property. It is important to consider property insurance, liability insurance, and business interruption insurance when purchasing or leasing commercial real estate in Florida.

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What type of insurance do I need to purchase when buying or leasing commercial real estate?

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