Flooding may be the least understood major risk to your property.
When was the last time you checked your Flood Insurance policy?
Is your policy:
- Incorrectly written?
- Lacking deductible options?
- Placed your business in the wrong flood zone?
If so, then you may have a good reason to switch underwriters.
Tom Kallman is an expert in Flood Insurance coverage for businesses of all sizes and types. Contact Tom for a free policy review and see if your flood insurance will be ready to protect you when the next big storm hits.
Of all the exposures to potential loss facing your business, none is as threatening as a flood. Flooding is the most common natural disaster in the U.S. And, floods don’t just happen during hurricanes or severe storms.
Just a few inches of water inside your property can result in tens of thousands of dollars worth of damage, cause toxic mold and even render your property uninhabitable. Yet, most business owners carry little or no flood protection and, worse still, don’t understand how flood insurance works. Here’s some information from the National Flood Insurance Program. You can find more at www.floodsmart.gov.
Anywhere it rains, it can flood. A flood is a general and temporary condition where two or more acres of normally dry land or two or more properties are inundated by water or mudflow. Many conditions can result in a flood: hurricanes, broken levees, outdated or clogged drainage systems and rapid accumulation of rainfall.
Just because you haven’t experienced a flood in the past, doesn’t mean you won’t in the future. Flood risk isn’t just based on history, it’s also based on a number of factors: rainfall, river-flow and tidal-surge data, topography, flood-control measures, and changes due to building and development.