Quick Tip: Fire Damage Legal Liability

By June 19, 2016 April 15th, 2018 Quick Tips

Courtney Ferretti, Senior Account Manager, discusses Fire Damage Legal Liability also known as Damage to Premises Rented to You.

Fire Damage Legal Liability also known as Damage to Premises Rented to You is one of the limits of Liability included within the standard General Liability policy. It does not apply solely to a co-op and condos. It applies to the commercial spaces that rent or lease spaces in the building. It covers any damage caused by fire to the premises rented or occupied by the insured for 7 days or less, regardless of cause. Even if a neighboring building has a higher limit, the coverage would only cover rented or leased commercial spaces within the building and not the building itself.

Please note, we will be closing at 1pm on Friday, May 24 and closed on Monday, May 27 in observance of Memorial Day.