KNOW ABOUT COMMERCIAL FLOOD INSURANCE

9/10/2021 (Permalink)

Flood Insurance Damage

KNOW ABOUT COMMERCIAL FLOOD INSURANCE

Flood often strike without warning – destroying buildings, equipment and inventory. Flooding may arise from a multitude causes, structural malfunction, storm surges and overflow of existing water bodies. Floods which are common devastating natural disaster events are projected to increase in severity as storms worsen. With this, it is important to consider commercial flood insurance, especially flood insurance. Commercial Flood insurance protects one of your business from damage caused by rising water.

What does commercial flood insurance cover?

If your business or property gets damaged from floodwater, commercial flood insurance can help cover your repair costs. Below are included in a flood insurance policy’s building and content coverage.

Building coverage         

• Electrical and plumbing systems
• Furnace and water heaters
• Appliances
• Permanently installed carpeting
• Permanently installed cabinets
• Windows
• Foundation walls
• Fuel tanks, well tanks and pumps
• Solar equipment

Contents Coverage

• Personal property
• Curtains
• Portable and window air conditioners
• Carpet not included in building coverage, such as carpeting installed over wood floors
• Currency, precious metals and valuable items

What is not covered by flood insurance?

• At least two acres of land
• Two or more properties

If your business property gets damaged by sump pump back up that wasn’t caused by flooding, your commercial flood insurance won cover the claim. Commercial flood insurance also doesn’t cover every kind of property damage claim. In fact, this insurance policy doesn’t cover business property outside of your building.

If you have any questions about water damage in Ventura County, please do not hesitate to call SERVPRO of Ventura at (805) 656-3911.