Mixed Use Building Insurance Guide For NJ /NY TRISTATE Landlords & investors
By: Adam Huzien- Senior Insurance Broker/ Founder
AMH Insurance Brokerage
Mixed use building insurance, is very common in the tristate. We regularly see a commercial unit on the first floor and residential units above. Some may have a difficult time securing the right insurance carrier to protect them in case of a loss, for these specific type of buildings. As an Insurance Brokerage , that serves the NJ - NY - PA; AMH Insurance Brokerage, is proud to announce that we have saved our clients thousands of dollars on there mixed use building insurance.
First let’s discuss the basic definition of what a mixed use building is defined as a commercial property such as a retailer, restaurant, convenient store , etc. that in the same structure also has residential units / apartments . Now that we have that’s clearly defined, let’s take a deeper dive into the nuances of what coverages are available on this type of insurance policy and what one should look for in there insurance quotes.

Commercial Package Policy or BOP ( Business Owner Policy) are the names in which coverage would be provided for you mixed use building, whether it is located in New Jersey, New York or Pennsylvania. Within those forms there are your main insurance coverage parts such as Property & Liability sections.
This Part of coverage would protect you against the main structure/ property you are covering, such as the cost to rebuilt the building in case of a total loss.
It is best practice to insure your building based on a valuation method called replacement cost. This insures that the valuation would be enough to cover the cost to rebuild the structure new with the same quality of material and finishing, but brand new. Without the the loss of depreciation.
This portion of the policy is the second major part of coverage associated with an insurance policy. In regards to a mixed use building insurance, this part would cover things such a slip & fall on the premises, and any lawsuits that might arise that may hold the property owner at personal liability for.
Additional Endorsements
Following the main insurance coverages is the Additional Endorsements. These additional endorsements gives the policyholder, more well rounded coverage, that gives the policy holder a broader insurance policy. Examples of Additional Endorsements Coverage should include or at least be considered to include the following:

Water Back Up,
Equipment Breakdown ,
Service Line Coverage.
In conclusion, understanding the advantages of having the right insurance coverage for your mixed use building is the essential first step. Secondly, having the right insurance broker, to find you with the right coverage, really puts the landlord at ease in terms of saving both time & money. An insurance brokerage, deals with these types of properties all of the time. So through there network of insurance companies, they will be able to offer a competitive insurance quote for your mixed use building. Another important tip is to keep in mind, to take the time and go over a complete application with your insurance broker, this only benefits you as the landlord to get the right insurance carrier and presenting the proper information is the best way to avoid any surprises in the the future. Finally an essential tip for landlords of mixed use building is that your building valuation can be based on replacement cost or actual cash and can significantly affect your coverage and costs.
Remember some of these important tips , and feel free to reference this article and many more like this !
Below is an example of the cities in New Jersey , New York & Pennsylvania , where have saved people thousands on there Mixed use building insurance.
BY: ADAM HUZIEN - SENIOR INSURANCE BROKER/ FOUNDER

Find Your City / Town !
Check out the examples in NJ & NY ( cities/towns) below we have quoted insurance !
New Jersey - Cities in New Jersey Adelphia, NJ ,