Commercial property insurance for an individual in California
September 15, 2020 3:36 PM Subscribe
Asking on a friend's behalf: "I'm leasing a <100sq office as an individual, not a business. I need to obtain property insurance for it but have no idea where to start, I've only ever used residential insurance. The office is furnished; total value of my property in it is around $2k (most of that's a laptop)."
The specific text from the lease is:Friend is in Southern California. I think they'd welcome recommendations either of a specific insurance firm or policy, or an agent or broker, but also guides/resources for how to evaluate them.
"Tenant shall procure and maintain, at its sole expense, “all-risk” property insurance, for damage or other loss caused by fire or other casualty or cause including, but not limited to, vandalism and malicious mischief, theft, water damage of any type, including sprinkler leakage, bursting of pipes, explosion, in an amount not less than one hundred percent (100%) of the replacement cost covering Tenant’s trade fixtures, equipment and other personal property."