Whether the property is for commercial or residential purposes, the location, security, utilities and amenities surrounding the property are crucial elements. Take a look at the door locks, window locks and other security features. It is also apparent that no one desires to live in a hot spot criminal neighborhood. Also, check on the utilities available. Is free WiFi, cable or gas, electricity and trash removal covered? Factors such as security and location of the property have a significant impact on your insurance policy.