Insurance Limits - Buildings

When it comes to insurance, building limits are commonly misunderstood.

Meggen, a commercial lines underwriter, sees all too often that the building limit on a business policy is too low. People often want to insure their buildings for the lowest limit because a lower limit means less premium. Unfortunately, many people don’t realize that low limits can have repercussions that reach far beyond the cost of an insurance claim. A low building limit usually means coverages are excluded or limits of coverage aren’t adequate. Make sure you’re properly covered by watching this quick video to learn more about building limits.

Insurance Limits - Buildings

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