Commercial property insurance is designed to help you recover from a covered loss—but only if your values are built correctly. One of the most common questions we hear is: Is land included in insurable value? In Broward County, where market prices can be heavily...
“Insurable value” is meant to answer a practical question: If the building is damaged by a covered loss, what will it cost to rebuild the structure and its permanent components? The confusion starts when owners assume insurable value includes everything connected to...
If you own or manage a commercial building in South Florida, the phrase replacement cost value shows up everywhere—policy declarations, appraisals, lender requirements, renewal questionnaires, and claim discussions. Yet it’s still one of the most misunderstood numbers...
When you’re refinancing, purchasing, or restructuring a commercial loan, lenders commonly ask for documentation proving the property is insured to an appropriate replacement cost (insurable value). The big question is whether they require an “insurable value...
Overinsuring a commercial property sounds harmless—maybe even “safer.” But in most cases, it simply means you’re buying more limit than you can actually collect after a loss. Many Broward County owners are still navigating high (and sometimes uneven) construction...
Commercial property owners often ask a deceptively simple question: Does insurable value include business interruption? In practice, confusion here can lead to a serious coverage gap—especially in markets like Broward County, where storm risk, repair lead times, and...
