Commercial Property Insurance for Gas Stations

Commercial Property Insurance for Gas Stations

Owning a gas station is unique from other small businesses in that you often own the commercial property that is used for the gas station’s operations. It is important to remember that this commercial property is the lifeline of your business. If something were to happen to this commercial property, would you be able to get back to business in a
timely manner? We will break down some coverage to help you in getting your gas station’s commercial property coverages up to par.

Commercial Property Insurance for Gas Stations- Building Limits

Gas Stations often have multiple building structures on the same land. This can include a snack shop, bathrooms, overhead awnings, and more. It is absolutely vital that you understand how much these structures are worth and how much it would cost to replace them if a large claim was to occur. When purchasing commercial property Insurance for your gas station, make sure you understand what each of the building limits cover because some policies will list these structures separately whereas some will list them together as a blanket limit. This minor distinction can make the difference between you re-opening your gas station, or closing down your business after a large claim.

Commercial Property Insurance for Gas Stations- Business Personal Property

Business Personal Property is a type of commercial property insurance designed to cover various smaller business properties. Some examples of business personal property includes computers, vending/soda machines, valuable paperwork, etc. Adding business personal property to your existing policy is often very affordable and can provide a lot of additional coverages that otherwise would not be covered.

Commercial Property Insurance for Gas Stations- Business Income

If you were to experience a large commercial property claim that slowed or closed down your gas station, you can still receive income from your business while it is being rebuilt. This would apply if you elect to purchase a coverage called business income coverage. Business Income provides coverage to you in situations where a covered loss causes a slowdown or suspension of your business operations. For a gas station, this coverage is invaluable and often times very affordable.

Would you like to learn more about Insurance for your gas station’s commercial property? We are here to help!

Contact our gas station specialists a call at 925-297-4829.

All information is general in nature and is intended to provide guidance only. It is up to you to request specific coverage options, the agency and agent do not bear this responsibility. Always read the policy if there is a questions about coverage or a claim. If any information herein should conflict with your actual policy’s specific language, the policy language will be controlling.