Edward Watson & Associates Insurance
Commercial Real Estate Insurance
The Edward Watson & Associates Insurance Agency, is a multi-line insurance agency, providing personalized insurance coverage for families and businesses. Serving clients in Salinas, Prunedale, Castroville, Gonzales, soledad, Watsonville, Marina, Seaside, Monterey, CA. Our services include Business, Commercial, Health, Auto,Home...
Typical Real Estate Coverage Summary
Property Coverages Basic Package Limits Enhanced Package Limits
Buildings (coverage available upon request) $10M Maximum per building $10M Maximum per building
Business Income - Removal of 72 hour waiting period Enhanced only Included
Business Income Dependent Property Enhanced only Optional
Business Personal Property (BPP) $40M Max. PML per policy $40M Max. PML per policy
Business Personal Property at Newly Acquired Premises $100,000 $250,000
Accounts Receivable $5,000* $25,000*
Back Up of Sewers or Drains $1000 per Occurrence for Each Described Building $1000 per Occurrence for Each Described Building*
Building Glass Included Included
Business Income 18 Months, Actual Loss Sustained 18 Months, Actual Loss Sustained
Claims Expense $1,000

$5,000
Computer Coverage (Hardware) $10,000* $25,000*
Computer Coverage (Media & Records) $1,250* $6,250*
Crime Conviction Reward $5,000 $10,000
Debris Removal Up to 25% of a covered loss plus up to $10,000 additional* Up to 25% of a covered loss plus up to $25,000 additional, in addition to the $10,000 included*
Equipment Breakdown Usually enhanced only Included in Limit of Insurance Selected for each Building
Extended Replacement Cost Usually enhanced only Up to 125% of Limit of Insurance for the Described Building
Fire Department Service Charge $1,000 $5,000
Fire Extinguisher Recharge $2,500 $5,000
Limited Collapse or Water Damage Included Included
Lock Replacement $100 per lock/$5,000 per Occurrence* $100 per lock/$10,000 per Occurrence*
Newly Acquired or Constructed Property Up to $1,000,000 per Described Building Up to $1,000,000 per Described Building
Outdoor Property $500 any one tree, Plant or Shrub/$2,500* $500 any one tree, Plant or Shrub/$2,500*
Outdoor Signs $10,000 per Described Building* $25,000 per Described Building*
Perishable Goods Usually enhanced only Included
Personal Property Off Premises $5,000 $5,000
Pollutant Clean-Up & Removal $10,000* $25,000*
Premises Boundary Definitions 100 feet 1,000 feet
Tenants Move Back Coverage Usually enhanced only $10,000 per loss Occurrence per Described Building
Valuable Papers and Records $5,000* $25,000*
Crime Coverages Basic Package Limits Enhanced Package Limits
Employee Dishonesty $10,000* $25,000*
Money Orders and Counterfeit Papers $1,000 per Occurrence $1,000 per Occurrence
Forgery and Alteration $2,500 Maximum $2,500 Maximum
Money and Securities $10,000 Inside or Outside* $25,000 Inside or Outside*