Standard insurance companies will not provide insurance coverage to landlords who own buildings that are leased to cannabis facilities and others in the legal medical or adult use marijuana industry.
All too often, landlords will lease space to a cultivator, dispensary or infused product manufacturer and then find out that their insurance policy is being cancelled. Upon discovering the cannabis facility, the insurance companies will send a written notification to the landlord that their coverage will be terminated after 30 days to avoid risk.
We have seen this happen to countless customers over the last few years, and these situations can certainly put a strain on property owners. Cannasure can help you avoid this with an all-inclusive marijuana landlord insurance plan.
What Properties Can Be Covered by Marijuana Landlord Insurance?
Over the last few years, we have successfully provided coverage for the following type of structures used within the legal marijuana industry:
- Industrial properties
- Strip malls
- Office buildings
- Shopping centers
- Office condominiums
- Property/farm outbuildings
Legal marijuana building insurance is extremely important in this day and age, and you will likely find it to be surprisingly affordable.