Commercial Flood Insurance
(Quotes, Cost & Coverage)

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Get commercial flood insurance quotes, cost & coverage fast. Commercial flood insurance protects your business property including your building and its contents from the damage and costs that resulting from flooding.

Business Flood Insurance

Commercial Flood Insurance ⋆ Quotes, Cost & Coverage

With all of the expenses that are associated with running your business, you might try to skimp when it comes to certain things. In some cases, sparing certain things may be perfectly fine and won't hinder your business in any way; however, when it comes to commercial flood insurance, you definitely don't want to neglect being covered.

While many business owners might think that commercial flood insurance isn't really necessary, too many people find out the hard way that they should have had coverage. Considering the fact that it costs an estimated $20,000 to repair the damage from just one inch of flood water, and that most businesses that close when they become flooded never reopen again, if you live in or close to a flood zone, flood insurance for your business is really a necessity.

Does My Business Need Commercial Flood Insurance?

A lot of business owners assume that their property insurance will cover the damages that are associated with a flood; but many are surprised to find that their policy doesn't cover flooding. That's because the majority of commercial property insurance policies excluding flooding from coverage.

A "flood" is generally defined as "a temporary condition of partial or complete inundation of two or more acres of normally dry land area or of two or more properties (at least one of which is your property) from:

You'll want to seriously consider getting a commercial flood insurance policy if:

What Does Commercial Flood Insurance Cover?

Flood insurance for your company protects one of your most important investments from the damages that flooding can cause: Your business. With this type of insurance, you and your business are protected from the devastating financial losses that can occur with when a flood strikes. Not only does this insurance protect the building your business is located in, but it also protects the items inside your business and your assets.

A commercial flood insurance policy will pay for any repairs that your building may need in the event of a flood. It can also cover the cost of replacing the contents of your building. If mold or mildew forms as a result of flooding, your policy can also pay to remediate it.

Business flood insurance can either be purchased from an insurance agent, or you can buy a policy from a company that takes part in the National Flood Insurance Program. You also have the option to rely on special flooding programs that are offered by the government. It is in your best interest to purchase a policy through an agent, as you will be able to ensure you have adequate coverage for your business.

There are two different types of commercial flood insurance available, and you can choose to purchase one or both options.

Both of these types of insurance cover up to $500,000 in damages. However, you do have the ability to purchase an excess commercial flood policy, which will grant more coverage. If your business is valued at more than $500,000, it's a wise idea to purchase additional coverage.

What Commercial Flood Insurance Doesn't Cover

Business flood insurance typically does not cover:

How Much Does Commercial Flood Insurance Cost?

How much does commercial flood insurance cost? This is the question most on business owners mind when they are shopping for a flood policy. Because flood insurance is not a one size fits all, and there are many factors that are taken into consideration in your premiums - the easiest way to get flood insurance rates is to contact an agent to discuss your situation. Then you can get an accurate flood insurance quote to see the cost.

Below are some of the main factors that make up the cost of a business flood insurance policy:

You can look up your flood zone at:
FEMA Flood Map Service Center: Search By Address.

Further Reading On Flood Insurance

Floods can happen suddenly and can do tremendous amounts of damage. Following is some more useful information about flood insurance polices:

Get A Commercial Flood Insurance Quote

Not all business property insurance polices are the same. If you own or are renting a space, let one of our expert agents take a look at your situation. In most cases we can save you money and offer you better policy options than you currently may have.

If you are looking for state specific Commercial Flood Insurance insurance quotes, costs and information: California Commercial Flood Insurance, Delaware Commercial Flood Insurance, Illinois Commercial Flood Insurance, Kentucky Commercial Flood Insurance, New Jersey Commercial Flood Insurance, New York Commercial Flood Insurance, Pennsylvania Commercial Flood Insurance, Texas Commercial Flood Insurance.

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