We take the time to educate ourselves on your individual risks, and then design an insurance program to meet your needs. Here are examples of four insurance coverage options that you should consider. This coverage can apply to your home or business.
Business Income and Extra Expense (called loss of use on homes)
Business income insurance covers the loss of income that a business suffers after a covered loss, (fire, etc.), while its facility is shut down or in the process of being rebuilt.
Extra expense covers the additional costs, in excess of normal operating expenses, that an organization incurs to continue operations while its property is being repaired or replaced after having been damaged by a covered cause of loss.
For homeowners, the coverage will provide funds for temporary housing while your damaged home is under repair.
Equipment Breakdown (not often available for homes)
Equipment breakdown covers loss due to a mechanical or electrical breakdown of equipment, machinery, including photocopiers and computers. Coverage applies to the cost to repair and/or replace the equipment and any other property damaged by the equipment breakdown.
Water/Sewer Backup
Most homeowner’s and business insurance policies do not cover sewer backup unless you have added specific sewer backup coverage is added to the the home insurance policy, according to the Insurance Information Institute. A sewer backup can be caused by many factors (not including flood). Sewer backup can happen from any number of sources:
• plumbing or appliances
• severe weather or storms
• accidents
• infiltration
Building Ordinance and Law
Building ordinance and law covers losses caused by enforcement of ordinances or laws regulating construction and repair of damaged buildings. Many communities have building ordinances requiring that a building that has been damaged be rebuilt in line with current building codes rather than simply repaired. This can cause considerable additional expenses to a loss.
Protect what matters most to you with San Diego, CA. Car, Home, & Business insurance. We offer the best combination of competitive rates, coverage and personal service in San Diego.
Get a Fast Free Online Quote. Save 30% on San Diego, CA. Commercial Auto Insurance, Contractors Insurance & General Liability Insurance.