Daniels Insurance Agency
Custom Property Insurance Solutions for Your Company
Eight decades of serving the business communities of New Mexico has provided us at Daniels Insurance Agency with the experience to place the right coverage at the right price for our clients. We’ll negotiate on your behalf with top-tier, financially strong insurance companies to secure superior property insurance, coverage terms and enhancements tailored to your industry and specific operational needs. Our goal is to provide you with peace of mind so that if and when a disaster strikes your insurance program is ready to respond.
What to Look for in Your Property Insurance
When considering property coverage for the first time or even reviewing existing business property policies, there are several critical considerations our staff will evaluate with you, including but not limited to:
- How much is the right amount of coverage: You need to have a sufficient amount of insurance to rebuild physical structures or replace interior contents in case of fire, theft or other covered events. We will work with you to fully value everything that needs to be replaced if it were completely destroyed.
- Consider excluded or additional types of property insurance. Your commercial property insurance will cover specific events as listed in the policy. But there are also events not typically covered such as flooding, which requires a separate policy.
- In addition, the the event of a covered property loss, loss of income is not included in a standard property policy. You need business interruption insurance, which will pay expenses in the event your firm is closed for repair or rebuilding due to a covered or insured event. This additional insurance can be added by an endorsement to standard property policies, or issued as a separate policy. Again, this depends on your specific needs.
- Evaluate coverage for compliance. Typically policies do not include the expenses to repair or rebuild a damaged structure to meet local building ordinances or codes. Older buildings are often grandfathered in as existing structures; however, these buildings do not always comply with local codes. Should a covered natural disaster or event occur, the standard property insurance policy would not be required to upgrade to code specifications. Purchasing compliance or ordinance insurance either as an endorsement or separately would provide you with coverage.
Our staff at Daniels Insurance Agency will evaluate the coverage amounts on your building and business personal property (inventory, furniture, equipment, etc.), your deductibles and coinsurance values, and how the insurance is applied. We’ll look at whether your property insurance includes valuable papers and records, adequate debris removal, increased cost of construction, contents and improvements and better amounts, equipment coverage and other important protection.
We’ll help you prepare for tomorrow today.
Daniels Insurance Agency is poised to help you navigate the risks you face today while assisting you with solutions and strategies to support your business as it expands and grows. We are also an integral part of the communities we serve, understanding the issues of our region to effectively serve our business and individual clients. Give us a call at 800-530‑8885 to find out how we can assist you.