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commercial property policy

A commercial property policy is an insurance policy for businesses and other organizations that insures against damage to their buildings and contents due to a covered cause of loss, such as a fire.

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The policy may also cover loss of income or increase in expenses that results from the property damage (PD). Commercial property policies may be written on standard or nonstandard forms.

Related Terms


All risks coverage is property insurance covering loss arising from any fortuitous cause except...

The building and personal property coverage form is the key Insurance Services Office, Inc. (ISO),...

Business income coverage (BIC) is commercial property insurance covering loss of income suffered by...

Causes of loss forms are Insurance Services Office, Inc. (ISO), commercial property insurance forms...

Commercial property (CP) coverage forms are Insurance Services Office, Inc. (ISO), CP insurance...

Difference-in-conditions (DIC) insurance is a policy that provides additional limits of coverage...

Direct damage coverage is property insurance that pays the value of property, or the cost to repair...

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