What does property cover in commercial insurance typically exclude?

Property cover in commercial insurance typically excludes annual maintenance and repairs because these costs are considered part of the routine upkeep that a business is responsible for managing. Insurance policies are designed to cover unforeseen events that result in sudden loss or damage to property, rather than covering predictable and preventative costs such as regular maintenance.

For example, if a roof leaks due to age or wear and tear, that would fall under the responsibility of the owner to maintain, rather than a loss that would be covered by insurance, which would generally include damage from unexpected occurrences like fire or natural disasters. The other options listed, such as damage from fire, theft, or natural disasters, as well as damage due to accidents on premises, are typically covered by property insurance because they represent unexpected and sudden incidents that result in loss. Seasonal fluctuations in business might affect revenues or profitability, but they do not pertain directly to property damage or loss. Thus, they would not be covered by property insurance either.