Commercial flood insurance might sound like an afterthought, something you don’t need, or something you can’t afford. However, flood Insurance is more important than ever. As climate change causes weather issues that we’ve never seen before, you need to know that every corner of your business is protected.
Floods Are Not Covered by Traditional Property Insurance
Flooding is not covered by traditional property insurance. This is an important distinction because your commercial property insurance can handle a massive warehouse—even rebuild it—but it can’t cover flooding.
When rising floodwaters reach your facility, you need flood insurance that takes care of the damage that will inevitably result. Don’t assume you can live without flood insurance—because you simply cannot.
Flooding is More Devastating Than You Think
Flooding is always more devastating than you think. In the first place, floodwaters move quickly, and the weight of a massive wall of water can knock down walls, kick in doors, and flood your facility in a matter of moments.
If the structure isn’t as stable as you would like, floodwater could knock down the entire building. Plus, floodwaters can wash out materials, products, parts, vehicles, large machines, and even people. Instead of assuming that flooding won’t occur on your property, assume that it could happen.
Evacuations Are Always a Good Idea
Evacuating your facility is a better idea than trying to save the building. Your team members need to get home and tend to their families. There’s nothing you can do to “ride it out” and magically save your facility. You might want to, but you can’t. It’s more likely that you’ll be hurt or killed in the process.
If you have flood Insurance, you can walk away knowing that, while the damage will be severe, you have a financial tool you can fall back on. Working with our team at Strategic Insurance makes it easier to determine how much value your policy should carry and how best to pair flood insurance with other coverages your business needs.
Contact Strategic Insurance for More Information on Commercial Flood Insurance
Reach out to our team at Strategic Insurance when you need assistance with commercial flood insurance. We can help you formulate a new insurance policy for your business or review your current coverage. Flood insurance is no laughing matter, and we’re here to help protect your life’s greatest investment.