This insurance covers your building from unforeseen circumstances such as fire, vandalism, or many other instances that could cause damage. This coverage will help pay for its repairs to get the building back to pre-damage condition.
Some exposures are not automatically included in a standard buildings policy. Some of these exposures are flood, wind, and earthquake. These exposures require additional underwriting and can be insured on a case, by case basis.
Business Personal Property Insurance covers the contents of a building, and equipment located within 100 feet of the building.
The majority of aviation buildings are usually a type of aircraft hangar. The hangar may have offices, shop equipment, and inventory, or just house an aircraft. The contents of an aviation building can often exceed the value of the building.
An example of the contents of an aircraft maintenance facility would include; office computers and furniture, specialized tooling and equipment, spare parts and inventory items. A thorough inventory of the contents will assure that the contents are properly covered and documented in the event of a loss.
A Business Personal Property Insurance policy will cover repairs for damage to the buildings and its contents, and provide replacement for items that are lost, or beyond repair.
The value that contents can be insured for varies with how the policy is written. AvQuest Insurance Service licensed professionals are experienced in working with our clients and the insurance companies to provide the most comprehensive insurance protection for buildings and contents.