Commercial insurance can help Brooklyn business owners pay for losses from things like theft and, usually, vandalism. It can mean you can hire someone to repaint your building, wash off graffiti, and replace broken windows without taking a massive loss. It’s important to make sure you have the necessary coverage before vandals destroy your building, though.
Types of Commercial Coverage
Standard types of commercial insurance often include things like general liability or workers’ compensation. Some companies exclude property coverage from bundles because it’s not legally required. It’s important to work with an agent at VAC Insurance Agency to make sure your NY business insurance includes property coverage.
Will Property Coverage Always Cover Vandalism?
In most cases, yes, property coverage will cover vandalism. There are a couple of exceptions. Many policies exclude intentional acts by owners or employees. That means if a disgruntled employee vandalizes the business, it may not be covered.
Most policies also exclude acts of terror. Protests or riots may be included in this, resulting in a lapse of coverage and you having to pay out of pocket for repairs.
Consider the Repair Cost
Always take the time to consider the repair cost before filing a claim. It may be cheaper to repaint your building or replace a broken window than to pay your deductible. If you’re handy, you can probably do some of the repairs yourself to save money.
Learn the Process
Make sure you understand the process for filing a claim for vandalism. Most companies require a police report. You may have to take photos of the damage and submit them to the insurance company, too.
A representative here at VAC Insurance Agency can help you learn more. Contact us today to learn what your policy covers and how to file a claim. We’re currently serving the Brooklyn, NY area.
