Your business is your livelihood, so you want to make certain that you have all of the right insurance policies in place to provide you with coverage if a disaster ever strikes. There are many different types of risks that you face when you own any type of business. One type of risk that is often overlooked by business owners in League City, TX is flood insurance.
You are hearing about flooding more and more often on the news these days. Many times, a flood strikes with little to no notice. Depending on the location of your business, it may be essential to include flood insurance in your commercial insurance policy. The agents at ACU Insurance Services are happy to talk to you about the options that are available and whether or not you should include flood insurance coverage in your business policy.
What Does Flood Insurance Cover?
In general, flood insurance is designed to cover damage to both your building as well as its contents that is caused directly by natural flooding. This includes water that comes from a variety of causes, such as:
- Broken dams
- Blocked storm drains
- Melting snow
- Storm surge
- Rain
- Overflowing streams or rivers
To be considered a flood, the waters must cover a minimum of two acres or flood at least two different properties.
Coverage for your building will most likely include replacing or repairing things like damaged water heaters, electric systems, or air conditioning. The contents on the inside that may need replacing can include things like merchandise, inventory, and machinery, depending on the type of business that you do.
If you are in the League City, TX area and you would like to find out more about flood insurance for your business, please contact ACU Insurance Services today. Our agents are standing by to answer your questions.
