Commercial Real Estate insurance

[Adrian Wooten]

Hello All,

I am under contract for a small retail/office building Georgia. With this being my first commercial deal, I have no idea on what type of insurance I need for the property. It is a 3,000 square foot 3 unit property with an additional lot.

[Canesha Edwards]

@Adrian Wooten

You need property insurance of course to cover the building. I would also get general liability insurance to cover the common areas and parking lot. Tenants should be required to carry personal property insurance. I suggest talking to a few insurance brokers to see what type of coverage is offered and compare rates.

Best,

Canesha