Florida Commercial Flood Insurance
(Quotes, Cost & Coverage)

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Get commercial flood insurance quotes, cost & coverage fast. FL 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

Florida 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 Florida commercial flood insurance, you definitely don't want to neglect being covered.

While many business owners might think that Florida 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 FL 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:

overflow of inland or tidal waters, or...
unusual and rapid accumulation or runoff of surface waters from any source, or...
mudflow or collapse or subsidence of land along the shore of a lake or similar body of water as a result of erosion or undermining caused by waves, or...
currents of water exceeding anticipated cyclical levels that result in a flood as defined above.

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

Your business is located in an area in FL that is prone to flooding, or it is situated near any body of water.
You operate a business in a location that has cold and snowy winters and warm springs. That's because snow that melts quickly is one of the main reasons why businesses flood.
Your business is situated in a climate that receives a moderate amount of rainfall throughout the year. There is always a chance that outdoor drains could clog, and if that happens, the likelihood that your establishment will flood is high.

What Does Florida 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.

Contents Insurance. This type of insurance covers any inventory, merchandise, equipment, furnishings and other elements that are located inside your business.
Building Insurance. This type of policy protects your building. If you do not own the building, you can purchase insurance that will cover the value of any improvements that you made to it.

Both of these types of insurance cover up to $500,000 in damages. However, you do have the ability to purchase an excess Florida 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 Florida Commercial Flood Insurance Doesn't Cover

FL business flood insurance typically does not cover:

Precious metals
Stock certificates
Bearer bonds
Cash
Trees & plants
Wells & Septic systems
Walkways
Decks
Patios
Fences
Retaining walls
Storm shelters
Loss of income
Vehicles
Post-flood mold damage
Sewer backups

How Much Does Florida Commercial Flood Insurance Cost?

How much does Florida commercial flood insurance cost? This is the question most on FL business owners mind when they are shopping for a flood policy. Because Florida 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 FL business flood insurance policy:

Your property's flood risk - what flood zone you are in. More risk = higher premiums, less risk = lower premiums.
How much coverage you need. More coverage = higher premiums, less coverage = lower premiums.

You can look up your flood zone at:
FEMA Flood Map Service Center: Search By Address. You can also learn about flood insurance requirements for commercial property.

FL Commercial Flood Insurance Quotes

Florida Insurance

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