What does Commercial Property Policy mean? Read on to discover the definition & meaning of the term Commercial Property Policy - to help you better understand the language used in insurance policies.
Commercial Property Policy
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. 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.
We hope the you have a better understanding of the meaning of Commercial Property Policy.