Use dotted terms for definitions. You can also browse the glossary.
Before you decide
- Do not use unit count as a universal eligibility rule.
- Review building and income values separately.
- Shared equipment and limits can concentrate a loss.
Prepare a complete schedule
List every structure, unit mix, occupancy, common area, system and amenity. Identify the legal owners and management role. Include mixed uses and work plans. Ask the partner which program accepts the specific property; a national five-unit threshold is not asserted here.
Travelers describes commercial property coverage for business assets. The actual proposal must establish the scheduled property, valuation and accepted uses.
Review the program
| Evidence | Review |
|---|---|
| Reconstruction estimates | Values and any coinsurance or agreed-value terms |
| Rent roll and expenses | Income measurement and restoration period |
| System records | Breakdown, service interruption and maintenance |
| Building schedule | Separate versus blanket limits, catastrophe caps and deductibles |
| Safety and vendor procedures | Liability activities and insured parties |
Sources & scope
- Travelers: Commercial property insurance
Carrier description of physical assets and optional exposures; not a universal unit-count eligibility boundary.
- Travelers: Calculating coinsurance
Carrier explanation of a property coinsurance clause when one applies. Not every form contains this condition.
- NAIC: Business interruption and businessowner policies
Updated June 25, 2026. General covered-event and income context; no universal eligibility or claim determination.
Sources checked October 24, 2026. General descriptions do not replace the policy, endorsements, declarations or an insurer’s coverage determination. Examples are hypothetical unless explicitly identified otherwise.
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