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Fire & Water - Cleanup & Restoration

When You Need Commercial Flood Insurance

9/8/2020 (Permalink)

Flood insurance is essential for your business

Purchasing Flood Insurance

If you are a business owner, you know how important it is to be prepared. You don't know when disaster may strike, but you can have the protection and backing of an insurance policy. It could be helpful to purchase flood insurance. In fact, in certain cases, you might be required by law to have this coverage. You can spare yourself and your Belton, MO, organization a lot of grief by having the right commercial plan.

What it Covers

A regular commercial insurance policy will help cover the costs of repairing damage due to a fire, storms, left or vandalism. Commercial property coverage will help with water damage as a result of a pipe burst or a malfunctioning appliance. However, other types of flooding require an additional flood policy. This will cover the following:

  • Flooding from a sewer backup
  • Flooding from a broken main water line
  • Flooding from an overflowing waterway.

When You Need it: Your Building is in a High-Risk Area
Not all businesses need a flood insurance policy. If your facility is located in a place where flooding is rare, the law won't require this. However, if your building is in an area prone to flooding or where a flood is more likely, you must carry a flood policy. This may include building your facility on the banks of a river or lake. If you are in other flood zones such as on or near rising water tables, you may be required to purchase supplemental flood coverage.

Certain Mortgages
You will also need a flood policy if you have a mortgage on the property from a federally regulated or insured lender. If you are not sure whether you fall into this category, check with the lender as you begin to secure financing.
A professional flood cleanup company can help you restore your building. To get the financial help you need to recovery, flood insurance is essential.

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