INSURANCE QUOTES- POLICIES – SERVICE -FOR COMMERCIAL PROPERTY OWNERS IN COLORADO MOUNTAIN TOWNS
The insurance market for any business property in the Colorado mountains has been tightening in the past 5-10 years. As an independent Colorado insurance broker we have watched insurance companies increase premiums, tighten their appetite, and in some cases we were unable to find a company willing to provide even a expensive restrictive high deductible option. Well there are some promising signs that the property insurance market is improving.
If you own commercial property that is located within the limits of a Colorado mountain town we likely can help you find a solution that is more affordable than your current policy and still provides the protection your asset needs and is likely required to have by your lender. There are companies that we partner with that will offer insurance for property that doesn’t have a high wildfire risk which typically matches up with property within the limits of a Colorado mountain city or town. The closeness to a manned fire station and fire hydrants are the key item that they are looking for.
If you own a building in a Colorado mountain town near a fire hydrant and manned fire station please contact us to start the quoting process. You can also reach out to us through our website by filling out our online form. We will reach out to you quickly after you submit the form. We will need the following information to start the quote process:
- Copy of your current or renewal policy (much of the information below will be captured in the policy)
- Premium amount you are currently paying or will be paying at renewal
- Physical and mailing address
- Year of construction
- List of tenants that occupy the building including the type of work they perform
- Square footage of building and for each tenant
- Year the HVAC, Plumbing, Wiring, and Roof were last updated (THIS IS CRUCIAL INFORMATION)
- Type of construction (wood frame, metal, concrete block, etc…)
- Type of roof (metal, asphalt shingle, built up, etc…)
- Loss runs – documents produced by your current and former insurance companies showing evidence of no claims or details of claims filed over the past 5 years
- Is there a burglar alarm? Fire Alarm? Are they monitored by a third party? Is the building sprinklered?
- What fire mitigation has been performed and is ongoing at the property?
Let us know if you have questions or wish to discuss. We hope this is a sign that the overreaction by the insurance companies to the wildfire risk is starting to subside.
Thank you for the opportunity.
The Orcutt Group Team