Protecting Your Property, Preserving Your Investments
Smart, flexible insurance for office buildings, retail centers, industrial properties, apartment complexes, and real estate brokerages.
Why Property Owners Choose Statement Insurance
- We specialize in real estate — not just generic business policies
- We can write vacant, transitional, or non-standard buildings
- We work with top carriers and specialty markets
- We're local, fast, and responsive
- We make renewals, certificates, and claims easy to manage
“Working with Statement Insurance Agency has been seamless and stress-free. Their team is knowledgeable, responsive, and truly cares about delivering great service.”
“Working with Mark and his team has been refreshing! The team at Statement Insurance have taken on most of this work and keep me up to date.”
“Statement Insurance has been our trusted partner for years. Their team is responsive, knowledgeable, and truly invested in protecting our business.”
At Statement Insurance, we help commercial property owners and real estate professionals
manage risk, control costs, and protect their investments—without getting bogged down in complexity. Whether you own a portfolio of occupied buildings or a single vacant property, we tailor coverage that meets lender requirements, satisfies tenants, and works in the real world—not just on paper. Based in Reno, Nevada—serving businesses across the western U.S.
Commercial Real Estate Coverage
Coverage guides for commercial real estate
FAQs
What is commercial real estate insurance, and who needs it?
Commercial real estate insurance, often called commercial property insurance, is coverage that helps protect income producing properties such as office buildings, retail centers, industrial warehouses, and multifamily apartment buildings. It is important for property owners, real estate investors, landlords, and property managers, and it can also protect tenants when a lease requires them to insure their improvements, inventory, and equipment.
Is commercial property insurance required by law?
In most states, commercial property insurance is not directly required by law. However, lenders, landlords, and investors almost always require proof of commercial property insurance in loan documents and commercial leases, so in practice it becomes a requirement for many businesses.
How much does commercial real estate insurance cost?
There is no one-size-fits-all price for commercial real estate insurance. Premiums are based on the specific risk profile of each property and the coverage options you choose—including building value, construction, and age; location; occupancy and tenants; coverage limits, deductibles, and add-ons; and loss history and risk management. The best way to understand your cost is to get a customized quote based on your building, tenants, and coverage goals.
Do I need separate earthquake or flood insurance for my commercial property?
Standard commercial property insurance usually does not cover flood or earthquake damage. Flood and earth movement losses are commonly excluded, which means you often need separate flood and earthquake policies or endorsements if you want protection from those events. Property owners in flood zones or earthquake prone regions should strongly consider adding these coverages so the building, contents, and rental income are better protected from major catastrophe losses.
What is the difference between replacement cost and actual cash value coverage for a building?
Replacement cost coverage pays to repair or rebuild your building with materials of like kind and quality, without deducting for depreciation, up to the policy limit. Actual cash value coverage pays the depreciated value of the property, which is replacement cost minus age and wear, and that usually leads to a smaller claim payment and more out of pocket cost for the owner. For most commercial real estate investors, replacement cost is preferred because it is designed to come closer to the real cost of rebuilding after a covered loss.