Authored by Sara Weathers

Most people think that they only need to know the value of a property when they are buying and selling. However, as a property and business owner, there are many other benefits to knowing your property’s valuation.

Property insurance is a necessity, especially as a business owner. When it comes to purchasing property insurance, it’s extremely important to make sure your property valuation is up to date, so your business has adequate coverage. With inflation on the rise and a hot real estate market, your property is likely worth more than when you originally bought it.

Combined with the higher prices of materials and labor, the price to replace your property in the event of a major loss could be more than you are currently insured for. To read more about how property valuation could benefit your business, check out Business Partner Magazine’s article.

Have questions about property insurance? Our AdvoCap Insurance team is available via phone call or email.