Businesses that shut down due to floods suffer a lot. In the end, most of these businesses have to shut down completely because they cannot use or replace their damaged equipment, facilities, or inventory. Flood insurance will provide coverage that home insurance won’t for your business. However, most flood policies have a waiting period of 30 days before kicking in. Waiting till it starts to rain heavily won’t do you any good; at Hignojos Insurance Agency, we see to it that you claim your policy early.
If your business is in a designated flood zone, you must purchase flood insurance to protect yourself. A flood zone has a 1% chance of flooding in any given year. You can purchase a flood insurance policy for your home, personal belongings, automobile, electric appliances, and plumbing system.
The National Flood Insurance Program (NFIP) policies usually provide coverage for your personal properties and appliances and an increased cost of compliance, which helps you pay for the cost of complying with regulations for the repair and construction of your damaged property. If you are looking for coverage that will pay all replacement costs, we recommend non-NFIP. Non-NFIP will also help you recover your business.
You can gain protection and peace of mind when you call us today. Let’s plan an insurance policy that will keep you in business regardless of the season.