Flooding is the most common natural disaster in the United States, and since flooding is not covered by standard policies, it makes securing a commercial flood insurance policy more important.
Flood damage can be the result of fast-melting snow, heavy rainfall, tropical storms and hurricanes, broken dams, storm surge, blocked storm drainage systems and many more. Most floods occur outside high-risk flood zones, which means your business could be at risk if you aren’t protected by commercial flood insurance.
Commercial flood insurance covers your business’s floors, walls, ceilings, equipment and fixtures, furniture and inventory. It generally does not cover landscaping, septic systems, commercial vehicle damage or financial losses due to business disruption.
Coverages and rates do not vary from company to company and are set by the National Flood Insurance Program (NFIP). They are determined by the type of construction, the age of the property, number of floors, building occupancy and the area’s level of risk as determined by the Federal Emergency Management Agency (FEMA).
Flood insurance can be purchased through your local agents at Eversure Insurance. There is a 30-day waiting period (set by FEMA) before your flood insurance policy takes effect.
To understand what each plan covers, contact us today for more information.