Commercial Property Physical Property Utilities 
Rental Housing Journal
JANUARY 8, 2025
You will need a true Commercial Property Policy because your apartment building is also a business. Commercial Property Property insurance covers the cost of repairing or replacing your buildings physical property if it is damaged or destroyed due to a covered event.
Esquire Property Management Group
MARCH 3, 2025
The mortgagee should not hold funds for personal property or additional living expenditures. Importantly, the property hazard insurance must be issued by a lender-approved insurer. How are Insurance Proceeds to be Utilized? This ensures that the lender is fully compensated even if the physical property is lost.
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