Commercial Insurance Coverage Disaster FAQs
Select the desired option below.
If a comprehensive glass insurance policy/endorsement was purchased they are covered. However, there may be certain conditions which must be met for coverage to apply. Such as, a requirement to have hurricane shutters or the use of a specific grade of plywood to cover them at specified times.
If the debris did not cause damage to covered property, no. The expense to clean out the pool is not covered.
An auto dealer’s physical damage policy would provide coverage for the new cars if comprehensive or combined additional coverage (CAC- comprehensive coverage excluding theft) was included in the policy. (Sometimes, the manufacturers provide coverage for the new cars.) The used cars would be covered only if coverage was included in the policy for an additional premium. The damage to employees’ vehicles is covered by their own comprehensive insurance coverage. If they did not purchase physical damage on their own policy, they would not have coverage.
Yes, if wind is not an excluded peril and if coverage for electronics is not excluded.
Food spoilage is normally not covered in a commercial property policy unless a consequential damage endorsement was purchased. Business interruption coverage may cover the loss of receipts and/or the loss of income for your employees.
Our county was evacuated by order of the governor because we were in the projected path of a hurricane. We closed our hotel, evacuated guests, and cancelled reservations for the period of time we were required to close. At the last minute, the hurricane moved west and we were not affected. Will business interruption cover our loss?
Generally, there is no coverage as the loss of income did not result from direct physical damage to insured property. This is called a “defined loss” in most contracts. Some policies provide this coverage by endorsement under Business Interruption by removing the “defined loss” wording.
No, the downed trees did not cause direct physical loss on the insured premises.
The answers to coverage questions are primarily based on ISO forms generally used in Florida by most companies. However, keep in mind that all companies’ forms are NOT necessarily the same. Some companies may provide broader coverage and some may be more restrictive. In all cases, the consumer must refer to his or her own policy for specific coverage information.
In catastrophic situations, some companies may be more lenient in their handling of claims and may make concessions, such as advancing Additional Living Expense (i.e. ALE) payments, to expedite the claim process. Other companies may handle such claims in accordance with their normal procedures.
If you have additional questions that need to be added to this list or if you find any errors, please send them to the Division of Consumer Services, Bureau of Insurance Assistance, 200 East Gaines Street, Tallahassee, Florida 32399-4212.