When Your Business Would Need Commercial Flood Insurance
A flooded building can cause extensive damage and even pose danger to you and your co-workers. Without the right insurance coverage, the cleanup efforts could also be costly and detrimental to your business. Some types of flooding are covered by your regular property insurance. However, there are cases where you would need supplemental flood insurance to repair the damage and replace ruined materials in the building.
What Property Insurance Will Cover
Having a reliable commercial insurance plan should give you peace of mind when a disaster hits. Your regular property coverage should take care of water damage in the following situations:
- Sudden, unexpected bursting of a pipe
- A defective appliance that leaks or ruptures
- Flooding due to burglary or vandalism
Coverage for Overflowing Waterways
If your building is located near a canal, river or other body of water, it's a good idea to purchase supplemental flood insurance. Property insurance will not cover water damage that occurs due to water getting into your building from this source. Flood coverage will pay for the cleanup from a professional flood mitigation company as well as the replacement of any building materials or other items.
Coverage for Sewer Problems
You also wouldn't have coverage in the event of a sewer backup, a broken sewer line or a toilet overflow that might cause flooding in the building. Luckily, flood coverage would help you clean up and rebuild if these issues occurred.
Coverage for Storm Issues
Heavy rains that bring water into your building from underground, through the foundation or other ways, can cause widespread damage to the building. You would need additional insurance to make a claim in these situations. If your building is in Boca Raton, FL where such weather is common, you should speak to your agent about getting this coverage.
Flood insurance would be essential in these circumstances. You can't rely on traditional coverage to come to the rescue in the wake of all types of flooding.