Commercial Property
Commercial property, also known as investment or income property is the name given to a building or parcel of land that is intended to generate a profit through either a capital gain or some type of rental income. With that being said, now you have a need for commercial property insurance. This is an insurance that not only protects your investment from the normal perils of day-to-day operation, such as fire and theft, but also from the unforeseen natural disasters that Mother Nature throws your way.
Commercial property is generally broken down into four categories. Retail for the most part includes medical centers, malls, hotels, retail stores, shopping centers and public housing. Office buildings; which speaks for themselves. Industrial, which generally consist of industrial properties, office and/or warehouses, garages and distribution centers. The last category may consist of multi-family apartments and/or housing buildings. This genre of commercial real estate depends upon the state where located and the number of units generating income for borrowing and tax purposes.
Any way it is broken down, insurance is still needed to protect these assets and that is where the experts at GP Insurance can help you choose the right coverage for your property.
Business Insurance protects you, your employees, your contents and your property. Let the professionals at GP Insurance personally tailor the Business Owner Policy that specifically suits your business needs.
If you drive a car, then by most state laws you must carry automobile insurance. This is not only for your protection, but for protection against or towards other drivers. Automobile coverage protects you, your family, your vehicle, and any damages caused and/or sustained by you physically.
Whether you own or rent, insurance is a necessity and not an option. As your home is probably one of the greatest assets you may ever acquire, you will want to insure it to its full value. GP Insurance will ensure that you receive the proper coverage to protect your most important asset.