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Should Property Addresses Include Suite Numbers?

An agent wrote us recently that their office was debating whether a suite number should be shown for a commercial property insured tenant. At issue was how this would affect coverage for property within 100 ft. of the "premises" and impact the business income coverage (or lack thereof) for a loss in the building outside the suite vs. a potential coinsurance penalty based on the suite value and total building value.

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Alexandria VA 22314
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fax: 703.683.7556
email: info@iiaba.net

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