Industry News
A Proactive Approach to Insuring Your Commercial Property
Author, Jeremy Hoolihan, Partner, Rancho Mesa Insurance Services, Inc.
Wildfires in California over the last several years have had a dramatic effect on the insurance marketplace. With expected losses of the recent Los Angeles fires alone to exceed $30 Billion, insurance companies have been taking action to stop the bleeding. These actions include non-renewing policy holders in high hazard zones as well as pulling out of California all together.
Protecting Commercial Property Investments through Vacancy Permit Endorsements
Author, Kevin Howard, Account Executive, Rancho Mesa Insurance Services, Inc.
Commercial real estate owners may face significant exposure nationally due to vacancy clauses and policy exclusions. The vacancy permit endorsement can potentially fill a major coverage gap within commercial property policies for landlords.