77% of small businesses admit they are not prepared for a natural disaster.. and Floods are america’s #1 natural disaster
Almost 40% of small businesses never reopen their doors following a disaster because just a few inches of water can cause tens of thousands of dollars in damage. Over the past 5 year, the average commercial related flood claim has amounted to just over $85,000. That number will definitely be much higher when the tally for hurricane Sandy is finally completed.
Now is the time for a business to have reliable flood insurance protection for its building, contents and income – AND save premium dollars. Building limits up to $25,000,000. Contents coverage up to $10,000,000 and business income. Most building owners may have budgeted for the flood premium at their initial rates. However with current legislation rates on policies with FEMA and the National Flood Program are going up by 25% a year for the next few years. Now more than ever building owners need to find the best rates on flood insurance. Let the experts at Statewide flood insurance help you today. We have access to multiple private flood carriers that can potentially save you thousands of dollars vs. FEMA.
Even if your business or building is located in a low risk flood zone, it would be important to cover any potential flood risk with flood insurance coverage.
Commercial Flood Policies are rated individually based on a property’s location, year of construction, elevation, flood zone, number of stories, construction type, foundation type and loss history.
Generally, there is a 30 day waiting period before coverage begins if you use the National Flood Insurance Program provided by FEMA. However some private insurance companies DO offer waiting periods of 15 days. Don’t wait until it’s too late. Contact us now to see how inexpensive commercial flood insurance can be.
we make it easy! we can help you roll your current policy into a new comprehensive policy at a large decrease from your current FEMA backed plan. Our carriers are A rated and are financially stable.
Excess Flood Insurance
With today’s increasing reconstruction costs, there is a good possibility that the amount of flood insurance people have on their homes and business are not enough to replace or repair if totally destroyed. With Excess flood insurance, you no longer have to face that risk.
Designed for owners of high value dwellings and commercial properties who already have the maximum amount of coverage available under the national flood insurance program (NFIP).
Limits up to $50 million in combined limits for building and residential contents.