When purchasing Restaurant/Bar Property Insurance, think about the value of what
is inside. You have worked to create the right atmosphere for your patrons, make
sure you can maintain the integrity of your space after a loss. Property Coverage
is one of the ESSENTIAL coverages for Restaurants! Coverage can be provided for
the building itself, the contents of the building, improvements made to the building
and glass.
PROPERTY/BUILDING: Property/Building coverage will pay for direct
physical loss or damage to a covered building from a covered peril such as Fire,
Theft, Windstorm, etc.
PROPERTY/CONTENTS: Property/Contents coverage will pay for direct
physical loss of damage to covered unattached physical items such as tables, chairs,
inventory, etc. located at the insured's premises, and caused by or resulting from
any covered causes of loss, such as Fire, Theft, Windstorm, etc.
PROPERTY/TENANT IMPROVEMENT: Property/Tenant Improvement coverage
will pay for direct physical loss or damage to covered attached physical property
which was originally paid for by the tenant. Some items to think about when considering
"property/tenant improvement" are sprinkler systems, ansul systems, ovens, booths
that are permanently affixed to the structure, flooring, etc. Anything that you
can't take with you when if you have to move.
GLASS COVERAGE: Glass coverage insures against glass breakage caused
by all risks; fire and war are sometimes excluded. Insurance can be bought for windows,
structural glass, leaded glass, and mirrors. Glass coverage can be offered with
or without a deductible.
SPOILAGE COVERAGE: Spoilage coverage protects you in the event
that a covered loss causes your food to spoil. If you have a lot of food on hand,
spoilage coverage is a great coverage to have in place.
Purchasing the correct restaurant/bar property insurance coverage will give you
peace of mind in the event of a loss!
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