The Different Types Of Commercial Insurance In Arizona.

Much like your own personal insurance policies, commercial insurance can cover many different aspects of a business. It can be to cover accidents, vehicles, property, or certain instances of disasters. You may learn that there are commercial insurance policies that are available in Peoria, AZ that cover your specific needs. Schaller & Thomas Family Insurance may be what you are looking for when it comes to commercial insurance policies in Peoria, AZ or nearby areas.

Property Insurance

Using a commercial insurance policy, the property of the company can be covered in the event of damage from a natural disaster, fire, or other disasters. Much like protecting your home, your business can receive compensation if the office is damaged so that you can cover the repairs. There are other variations of commercial property insurance to cover specific items like glass insurance, boiler and machinery insurance, crime insurance, and more.

Liability Insurance

When you run a business that deals with the general public, you never know when you are at risk of being sued for whatever reason. If you are accused of property damage, personal injury, or other financial losses, your insurance policy can handle the legal fees that will be involved in such a complication. Some liability insurance policies may also cover the cost of damages if the resolution is not in your favor.

Malpractice Insurance

Malpractice Insurance is very well known by medical practitioners that own their own practice. A doctor may make a mistake or even be falsely accused of personal injury from a procedure, so having malpractice insurance will cover the legal fees and damages from such ordeals. Similar insurance policies are available for other professionals like real estate agents, architects, and others.

Automobile Insurance

Many businesses may have vehicles registered to the company, so automobile insurance may be needed. Employees may inevitably be involved in an accident, so covering your vehicles will mitigate damages and legal costs.

No matter what the needs of your business happen to be, feel free to send an inquiry to Schaller & Thomas Family Insurance to see if they can secure your business with one of their commercial insurance plans.

What if My Home Insurance Policy Doesn’t Fully Cover Home Replacement?

Once you have purchased a home in Peoria, AZ, you want to do everything you can to protect the investment. The best way to do that is by getting a home insurance policy through Schaller & Thomas Family Insurance. However, when you are getting this policy, you want to make sure you get the right amount of coverage. One of the areas to pay attention to is home replacement value. 

How Much Coverage Do You Need?

When it comes to home replacement value, you want to make sure that you have enough to cover the full replacement of your home if ever needed. You will want to know what your home is worth and make sure your policy covers the entire amount.

What if You Don’t Have Enough?

Not having enough coverage to fully replace your home in case you need it could be detrimental. If something happens to your home and you have to completely rebuild, you do not want to end up paying thousands out of pocket to do so. That is exactly what can happen though if you do not have full coverage. You could end up paying for the rebuild or deciding that you need to think of another option simply because it would be too expensive to pay for it out of pocket. This is likely the biggest investment of your life and you want to make sure you protect it, even if that means making sure you have full replacement coverage for the valued amount of the property. 

You will want to take a look at your current policy, if applicable, to make sure you have enough coverage. if you do not or you need to get a quote for a new policy, be sure to contact Schaller & Thomas Family Insurance, serving Peoria, AZ, today for your free quote.