Coastal Property Insurance
Coastal Insurance Solutions
Coastal property insurance or coastal commercial property insurance offers property coverage for commercial and business operations in a coastal area.
In addition to standard risks such as theft, building damages, or equipment losses, commercial properties in a coastal area face unique risks such as coastal storms and erosion. A non-coastal policy may offer property coverage but will include exceptions for these provisions if the zip code is categorized as coastal. Selecting a commercial policy that offers reliable coastal and commercial coverage is essential for coastal businesses.
Some insurance companies may offer bundled property and liability insurance for businesses. However, if your business operates in a coastal location, make sure that any bundled policies offer adequate coverage for your coastal locations.
Flood insurance is a separate policy that is typically not included in either a standard property policy or coastal property policy. Talk to your Guardify agent to discuss flood insurance options for your coastal property location.
Who Is Coastal Real Estate Insurance For?
Coastal real estate insurance is for business owners and owner-operators that have a coastal property location. Guardify can accommodate quote requests for both personal and commercial coastal properties. Guardify can also help you package these policies in order to help you find custom coverage combinations that meet your goals.
Looking for coastal homeowners insurance? Visit our Coastal Home Insurance page.
Eligible classes of coastal real estate insurance may include townhomes, condos, and warehouses. Coastal warehouses may also have an opportunity to be covered under a different kind of policy (such as a logistics or manufacturers insurance policy). It is also important to note that rental properties or hotels may require additional hospitality-related coverages beyond the scope of a basic coastal house insurance or coastal property insurance policy.
How to Find the Best Coastal Insurance
A coastal insurance company or coastal insurance agency sells coastal insurance policies to individuals and businesses. Guardify can compare quotes from multiple insurance companies and agencies, to help you make sure you're getting the best value policy at a reasonable market rate.
What to Look For: Coastal Property Insurance Policy
A coastal property insurance policy should combine unique coastal coverages with a commercial property policy. Risks unique to a coastal business may include wind damage or interruption of business due to coastal storms. A coastal insurance company may ask about emergency plans and or protective measures for storm-proofing, and may even require certain minimum standards to be met, prior to offering coverage.
Assessing your business and property accurately in responding to these questions from a carrier or agent can help make sure that your policy will be relevant in the event of claims.
Texas Coastal Insurance
Many businesses in Texas operate near the coast, and consequently face unique coastal risks. In particular, many businesses operate near ports along the Gulf, and need coastal insurance for warehouses and manufacturing in coastal locations with convenient port or transport access. Guardify agents are equipped to help you assess your business risks, so you can find the right fit for Texas coastal locations.
General Safety Practices for Coastal Commercial Locations
As a safety precaution for your property, staff, and employees, it may help to review your property annually in advance of hurricane season to make sure that any protective equipment is in good condition, and that evacuation routes and safety measures are in place well in advance of severe weather.