Commercial Flood Insurance
Now is the time for a business to have reliable flood insurance protection for its building, contents and income – at budget friendly rates. Building limits up to $50,000,000. Contents coverage up to $10,000,000 and business income up to $1,000,000.
Most commercial buildings in a moderate-to-low risk area qualify for coverage at a preferred rate. Preferred Risk Policy premiums are the lowest premiums available, offering building and contents coverage for one low price. You can also opt for Contents Only coverage, if you prefer.
If you don’t qualify for a Preferred Risk Policy, a standard rated policy is still available. Even though flood insurance is normally federally required depending on your flood zone, anyone can be financially vulnerable to floods. People outside of high-risk areas file over 20% of claims and receive one-third of disaster assistance for flooding
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 reasonable private commercial flood insurance can be.
Excess Flood Insurance
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.