Over the past few years, the number of flooding incidences in New York has increased significantly. There are many reasons for this including the local topography, the sewer systems, and extreme weather conditions which seem to occur more inconsistently.
Many business owners are finding themselves in situations where their business or commercial property is seriously damaged, and in some cases, destroyed by the flood water. In all these instances, it should be acknowledged that it is no fault of the owner left with the damage. Paying for the flood repairs and replacements can get very pricey and this is why commercial flood insurance is of the utmost importance to any business. At Skeele Agency, Inc., we can help in providing you the necessary insurance coverage to protect you against a flood.
At Skeele Agency, Inc., we can help in providing you the necessary insurance coverage to protect you against a flood.
Do I Need Commercial Flood Insurance?
Most business owners are under the impression that their property insurance policy provides for flood damage, but this is usually not the case. As a business owner, it is necessary to take out a separate or supplementary policy to have coverage for flood water damage.
Having the right kind of insurance protection can increase the chances of reopening your business sooner. Getting back on your feet and conducting business, as usual, is what is needed after a disaster such as a flood. Obtaining commercial flood insurance can help minimize the risks of losing money while rebuilding and repairing your commercial building or business as soon as possible.
What Is Covered Under a Commercial Flood Policy?
Most insurance companies have terms and specific items for which they provide coverage. In general, the following items below are usually covered under a commercial flood insurance policy.
- The Building – the building, electrical and plumbing systems, kitchen appliances, flooring and carpeting, central air conditioners and heaters, garages, and debris removal. All buildings detached from the main building, such as granny cottages and outbuildings, have to be covered with a separate policy. Sometimes basement coverage is limited, but it depends on the insurance plan.
- Its Contents – business property such as furniture, wall and floor coverings, damaged inventory, merchandise, and machinery are also covered.
Commercial Flood Insurance Policy
Skeele Agency, Inc. is an independent company which means we do not work for any single insurance group or carrier. Because we work with various providers, we can present you with the best policy that will fit your needs and budget. Our only priority is finding you an insurance plan that is designed to your specific business and situation. Protecting one of your biggest investments is what Skeele Agency, Inc. strives to do. Having an insurance policy that protects you against commercial flood damage can save you money and headaches in the long run. Contact us for more information on our insurance services and what we can do to help protect your business.