Client: An LLC buying an older commercial office building in Bakersfield · Coverage: Commercial Package — GL $1M/$2M + Building (replacement cost) + Business Income · Status: Bound
The problem
The buyer was a few days from closing and needed a package policy that would satisfy the lender's mortgagee requirements. The owner also had detailed questions about ordinance or law, water backup, equipment breakdown, glass, tenant improvements and business income limits.
How Pierce helped
- Quoted a package policy with GL, building, business income, and assault & battery and mortgagee endorsements
- Went back to underwriting with every coverage question and got equipment breakdown added, plus confirmation of water backup, glass and tenant-improvement forms
- Told the owner up front that ordinance or law was not available from any carrier because of the building's age
- Flagged that theft coverage depended on installing a central-station burglar alarm before the inspection
The result
The package policy was bound 08/18/2026 with StarStone Specialty for $3,139.04 total, and the carrier's inspection was scheduled afterward.
Why it worked
Answering each coverage question in writing before binding meant there were no surprises at closing or at the inspection.
Related coverage
Insurance for Real Estate Investors & Landlords · Commercial Property Insurance · General Liability Insurance
Facing something similar? Call 888-391-5981 or request a quote. A licensed agent will review your situation.
Client names and identifying details are withheld for privacy. This story is based on an actual account handled by our agency, as documented in our files. Coverage, pricing and results for your business depend on your own details.