Commercial insurance in Dover, NH, can provide the protection your business needs. It can help replace inventory lost due to a covered peril, and in many cases, help repair or replace a building’s structural components so you can keep your business running. Whether it covers a sprinkler system upgrade depends on the specific situation.
Won’t Cover Standard Upgrades
While your coverage will help with repairs, it won’t cover upgrades to your property, since that’s generally considered the owner’s responsibility. Your policy also won’t cover normal wear and tear. So if nothing happens to your sprinkler system, you’d likely need to pay for a replacement yourself.
Covered Events
If a covered event damages your sprinkler system, your policy may help, but it typically covers only the cost to replace your existing system or an equivalent one, not necessarily the upgraded version you may want. If your building was damaged due to a covered peril, contact an agent at Gateway Property & Casualty to learn more about your options.
Necessary Upgrades
People often want to upgrade their sprinkler system to meet code compliance requirements. While it might seem like insurance should cover this, since providers generally want buildings up to code, bringing a system into compliance is usually the building owner’s responsibility rather than something covered by a standard policy.
At Gateway Property & Casualty, we understand that you want to keep your building code-compliant and your customers safe. If a qualifying event has occurred, we’re here to help. Contact us today. We’re currently serving the Dover, NH, area.
