Flooding is a natural occurrence that can happen anywhere. It's not limited to coastal areas or river basins, and the incurring damages from a flood could mean the cessation of your business. Flood insurance helps to protect your business and its assets including equipment and furniture.
Typically, property insurance policies do not include the peril of flood. Flood is generally described as rising waters from an overflow of a body of water or saturated grounds. The right flood insurance coverage can make your recovery process faster, easier and less costly.
Commercial flood insurance is available for commercial buildings, business personal property and residential commercial buildings.
The National Flood Insurance Program (NFIP) provides flood insurance to business owners, homeowners, and renters in communities all over the United States. In 1968, the National Flood Insurance Program (NFIP) was established by Congress to help property owners protect themselves from the financial devastation of floods. Communities all over the U.S. participate in the program by practicing floodplain management to reduce potential flood risks. Coverages and rates are set by the NFIP and do not vary from company to company.
Flood insurance has a federally mandated 30 day waiting period for coverage to go into effect from the date of the application, unless it is required for a loan closing.
Interested in getting flood insurance insurance for your business or association? Want to have your policy reviewed? Talk to one of our agents at Deakins-Carroll (772) 287-2030 or request a quote today.