Skip to content

Prime Insurance Agency Blog

All You Ever Wanted to Know About Insurance

What Type of Insurance for the Shopping Center?

Whether you are a shopping strip or mall owner in NY, NJ, PA or any other state within the US, national focus on such property has left many wondering if the insurance that is in place is adequate. Below is a general guide.

RELATED: How to find the best insurance for TX property

Shopping Mall Insurance
Every shopping center has its distinguishing characteristics. This is what the insurance companies think about when deliberating the type of necessary coverage. If property limits are very high, a shopping center may be deemed a specialty insurance risk.

Evaluation takes into account:

  • Elevated concentration of building and content value

  • Particularly large and unseparated floor spaces

  • Structures that lack windows

  • Hazardous occupant risks

  • Outdoor risk exposure

Evaluation also takes into account matters that involve public liability exposure and crowd control within the building, as well as outside in the parking lots. Shopping malls that are most subject to this consideration contain the following:

  • Food markets

  • Eateries

  • Bowling alleys and skating rinks

  • Cinemas

  • Other public attractions


Shopping Strip Insurance
Not all shopping strips are equal in regard to tailored insurance coverage. While some may have only one tenant, others house many commercial tenants. The defining factor between shopping strips is not a common interior property, but its entryway – from the parking area or adjacent sidewalk. For the multiple shopping- strip owner, the diffusion of risk creates an alluring comprehensive property insurance schedule. Parking lot and vacancy risk exposure are the main issues in this insurance class.

For more information about what insurance plan works best for your shopping center, speak to an independent agent that is experienced in this form of coverage.


PRIME Insurance is a three-generation family-run independent agency. We’re proud partners with many of the leading companies in the industry – big names such as ACE, ASI, ASSURANT, CHUBB, FOREMOST, Liberty Mutual, MetLife, Plymouth Rock, PROGRESSIVE, Safeco, StillWater, Travelers, USLI, ZURICH and more. With thousands of satisfied customers, we benefit policyholders by reviewing current coverage, as well as by shopping our wide network to locate customized policies at competitively lowest quotes.

PRIME Insurance provides all forms of nationwide coverage, including NJ travelers insurance, cheap auto insurance, low quote commercial umbrella insurance NJ, flood insurance, NJ renters insurance, Houston, TX property insurance, NJ homeowners insurance, NJ bonds, NJ workers comp, NJ life insurance and more. We invite you to experience the PRIME difference! Visit us on our online insurance website; email us at PRIME [at] primeins [dot] com or call us at 732-400-5242!

Summary: Insurance coverage can be a complicated issue for the shopping center owner.


There are no comments yet.

Leave a Comment

Required fields are marked with


Your name, comment, and URL will appear on this page after it has been reviewed and approved. Your email address will not be published.