What You Get With Our Flood Insurance
Situations that cause flooding – heavy rain, melting snow, severe coastal weather, etc. – can happen anywhere. Commercial Flood Insurance helps protect your business’ physical location and the contents inside in the case of flood damage.
The National Flood Insurance Program (NFIP) recommends flood insurance to everyone, especially those in an area that has a high flood risk, and we agree. Coverage for flood damage is available from the federal government under the National Flood Insurance Program but is sold by licensed insurance agents.
- Flood insurance will cost you the same amount, no matter where you get it.
- Ensure your business and the contents inside are protected from flood damage.
- Situations that cause flooding can happen anywhere – be ready for it.
Frequently Asked Questions
Does my business need flood insurance?
If your commercial property is located in a high-risk flood area and/or you have a mortgage from a federally regulated or insured lender, you are required to purchase a flood insurance policy.
What does flood insurance NOT cover?
Flood Insurance provides flood coverage for you business buildings and contents, although there are certain losses that will not be covered:
- Water damage caused by moisture, mildew, or mold that could have been avoided.
- Damage from sewer or drain backup.
- Currency, precious metals, script, recorded data, valuable certificates.
- Financial losses caused by business interruption.
- Property and belongings outside of the building.
- Self-propelled vehicles and their parts.
How much does Flood Insurance cost?
Commercial Flood Insurance cost depends on how much coverage you need and your floodplain classification. Premiums are based on several factors:
- Years of building construction.
- Building occupancy.
- Number of floors.
- Location of contents.
- Flood high risk area.
- Location (elevation) of lower floor in relation to FEMA’s flood map.