The most common property surprise isn't a denied claim — it's a check that falls short. Underinsured buildings, coinsurance penalties, and stale valuations quietly leave contractors paying the gap out of pocket.
We build your property coverage on realistic replacement values, watch the coinsurance clause that can penalize a covered loss, and make sure your business personal property and equipment limits match what you actually have on hand. The goal is simple: when something burns or floods, the coverage rebuilds it — not most of it.
Buildings
Owned or leased structures and, where applicable, tenant improvements you've made.
Business personal property
Furniture, fixtures, inventory, and materials at your premises.
Equipment at premises
Shop equipment and stored tools not otherwise covered on an inland marine form.
Business income / extra expense
Lost income and added costs while you recover from a covered loss, where included.
What's actually covered is governed by your issued policy and its endorsements — this is a general description, not a coverage determination. That's exactly why the structure below matters.
A coinsurance penalty can cut your payout on a loss you thought was covered.
If your building is insured below a set percentage of its replacement cost, a coinsurance clause can reduce what you're paid even on a fully covered loss — and "actual cash value" settlements depreciate the check further. Stale valuations from years ago are the usual culprit. We pressure-test your limits, valuation basis, and coinsurance before a loss does it for you.
Go deeper on Property
Plain-English guidance on Property, written for contractors, not adjusters.
Property Insurance: What’s Actually at a Fixed Location
Property coverage and Inland Marine get confused constantly, for a simple reason: both cover physical things you own. The difference is location. Property covers what stays put — your shop, your office, the equipment…
Read the full article →More Property guidance is on the way.
More Property guidance is on the way.
Is your building insured for what it would actually cost to rebuild?
Get a free property review — we'll check your valuations, coinsurance, and business personal property limits before a loss does.
Unique Risk Management & Insurance Services — commercial insurance for contractors since 2007. Licensed in CA, FL, MN, UT & NJ. This page is general risk-management and business-structuring education. It is not a coverage determination, a guarantee of coverage, or legal advice; coverage is governed solely by the terms of your issued policy and its endorsements.