Flooding!
This spring brought plenty of rain to our area. When the rain started – we were concerned it wasn’t going to stop as it crept closer to our building. Fortunately our office was not affected, but unfortunately our neighbors were not as lucky. These neighbors are still renovating, and are not going to be open for business for another couple of months.
If this happens to you – are you protected with insurance? The building damage and personal property damage could add up to thousands of dollars to repair. Flood insurance would be the answer; however, flood damage is excluded on property policies. If your insurance company does not offer flood insurance, you can purchase the insurance through the federal government.
If your building is located in a flood prone area chances are your mortgagee requires you to carry flood insurance. Even if you are not in a “flood zone” it still might not be a bad idea to look into this coverage, and make sure your business is protected against any unforeseen flood damage.
Here is the view as the water crept into our parking lot
