Typically, the premiums for plans covering property insured on an actual cash value basis are lower as a lower limit is used because of the deduction for depreciation. (generalliabilityinsure.com)
When it comes to having your personal property insured, you can usually rely on your homeowners insurance or renters insurance policy. (dmv.org)
Fortunately, most commercial property policies afford some coverage for property the insured purchases or constructs during the policy period. (thebalance.com)