That is just off the top of my head i do not have papers in front of me but here are a few more tidbits that could help you.
1. Replacement Cost (RC) - if location is insured to at least $65/square foot. RC coverage allows partial loss claims to be settled ultimately without depreciation.
2. Actual Cash Value (ACV), if less than $65/square foot, but at least $45/square foot minimum. Actual Cash Value settles partial losses with depreciation. This may not be a detriment, depending on your risk tolerance and business model.
Then as i talked about above I chose SPECIAL FORM for better coverage along with ACTUAL CASH VALUE for one of my properties.
The Program can be written on a SPECIAL or a BASIC form ("all-risk", less standard exclusions, including, but not limited to Earthquake and Flood). There is some limited coverage for vandalism/theft (most carriers exclude these on vacant properties altogether). BASIC form limits coverage, but lowers your cost.
The actual TERM for my coverage is a Commercial Policy for dwelling and premises liability.
This post was edited on 2/6 at 2:44 pm