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Fire & Water - Cleanup & Restoration

Residential -vs- Commercial

2/26/2019 (Permalink)

There is a clear difference between residential and commercial properties. There are also a few important differentiators that might not be as obvious, but are important, especially when it comes to handling the property when it comes to damage and loss.

Residential buildings are living spaces. These buildings include:

  • Single Family Home
  • Condominium
  • Townhouse
  • Co-op
  • Multi-Family Home

Adversely, commercial buildings fall into the following categories:

  • Small Office Buildings
  • Large Office/High-Rise Office Buildings
  • Apartment Buildings
  • Restaurants
  • Hotel/Motels
  • Small Retail Stores
  • Large Retail/Big-Box Stores
  • High-Rise Residential
  • Manufacturing & Industrial
  • Government/Military

Knowing the types of residential and commercial buildings makes it easier to understand the way they are insured as well.

When insuring a home:

  • the named insured will be an individual or a married couple
  • agents are typically looking to cover homes and their contents
  • primarily premises liability exposure

Whereas with commercial insurance

  • entities like sole proprietor, partnership, limited liability corporation, corporation, etc. could be listed as the named insured; and depending on ownership structure, there may be multiple on a single policy
  • Property coverage for commercial consumers can cover a myriad of different building types and contents such as inventory, furniture, property of the business’ customers, and/or machinery.
  • four different liability exposures - premises, operations, products, and completed operations

With all of these differences, it’s hard to believe that there would be any similarities between residential and commercial properties. However, those similarities appear in the types of damages and losses that can be handled by SERVPRO® for the properties and the contents they hold.

For both residential and commercial properties SERVPRO® can assist with cleaning and restoration from:

  • Air Ducts and HVAC
  • Biohazard and Sewage
  • Trauma and Crime Scene
  • Carpet and Upholstery
  • Drapes and Blinds
  • Ceilings, Walls, and Hard Floors
  • Odor Removal and Deodorization
  • Vandalism
  • Commercial and Residential Water Damage Restoration
  • Commercial and Residential Fire Damage Restoration
  • Commercial and Residential Mold Remediation
  • Commercial and Residential Storm Damage Cleanup
  • Disaster Recovery Team

The fact is, even though there are so many differences between residential and commercial space, there is a company out there who is “Here to Help”® with either property type.



Information retrieved from:

https://insnerds.com/5-differences-commercial-personal-lines-insurance/

You can always contact SERVPRO® of North Central Tazewell County for your cleaning and restoration needs. 309-346-5600

You can also contact:
SERVPRO® of Peoria - 309-637-7300
SERVPRO® of Galesburg and Macomb - 309-342-0073

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