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Spring Cleaning for Your Insurance Policies: Tips for Reviewing and Updating Coverage

As the seasons change and flowers begin to bloom, it’s an ideal time to freshen up more than just your surroundings. Spring offers the perfect opportunity to review and update your commercial real estate insurance policies, ensuring that your assets are well-protected against potential risks. 

According to a survey by Risk Management Magazine, companies that regularly evaluate their insurance coverage are 25% more adept at handling emerging threats like cyber risks and environmental hazards. 

In this post, we’ll delve into essential tips for spring cleaning your insurance coverage, helping you safeguard your commercial properties effectively. 

7 Ways to Spring Clean your Insurance Policies

1. Assess Your Property Portfolio 

Begin your spring cleaning process by taking stock of your commercial property portfolio. Carefully analyze each property’s characteristics, such as location, size, occupancy, and recent changes. Understanding the specific risks associated with each property will help you determine the appropriate insurance coverage needed.  

2. Review Existing Policies 

Next, review your existing insurance policies in detail. Pay close attention to coverage limits, deductibles, exclusions, and endorsements. Ensure that your policies provide adequate protection against common risks faced by commercial real estate properties, such as property damage, liability claims, loss of income, and natural disasters. Often, outdated terms or underinsurance can leave you vulnerable. 

3. Consider Additional Coverage Options  

In addition to basic property and liability insurance, consider whether your commercial properties may benefit from additional coverage options. This could include umbrella insurance to provide excess liability protection beyond the limits of your primary policies, flood insurance for properties located in flood-prone areas, or business interruption insurance to cover lost income during periods of property damage or downtime. 

4. Evaluate Changes in Property Value  

Spring is an ideal time to reassess the value of your commercial properties. Consider changes due to renovations, upgrades, market fluctuations, or other factors. Adjust your insurance coverage limits accordingly to ensure that your properties are adequately insured against potential losses. 

5. Update Policy Endorsements 

As your commercial real estate portfolio evolves, update your insurance policies with necessary endorsements or riders. This might include adding coverage for newly acquired properties, changes in property use or occupancy, or updates to building systems or security measures. 

6. Review Tenant Insurance Requirements 

If you lease space to tenants in your commercial properties, review your lease agreements to ensure compliance with insurance requirements. Verify that tenants have appropriate insurance coverage, such as general liability insurance and renters’ insurance, and that your policies align with lease obligations. 

7. Consult with an Insurance Agency 

Finally, seek guidance from an experienced specialized insurance agency like Fidella Insurance. Our professionals can help you navigate the complexities of insurance coverage, identify potential gaps, and tailor a comprehensive insurance program to meet your specific needs and risk profile. 


Spring cleaning your insurance policies may not be as glamorous as decluttering your closet, but it’s equally important for protecting your commercial real estate investments. By following these tips and investing the time to review and update your insurance coverage with Fidella Insurance Agency, you can ensure that your properties are well-prepared to weather any storm that comes their way. 

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