Having flood insurance can keep your business afloat

The flooding that is happening now in Colorado could happen here. Floods can happen anytime, anywhere. It doesn’t take much water to cause a business to go under. A few inches of floodwater can cause tremendous damage…to your building, your equipment and your inventory. The expense of rebuilding, replacement and repair can be staggering. The costs can erode your operating funds and strain your credit

Flooding can affect every zip code

While your area might not be in a high-risk zone, it is not immune to flooding either. In fact, almost 30% of actual flood claims come from low to moderate risk areas. New land development can increase flood risk, especially if the construction changes natural runoff paths. And weather patterns are changing, making neighborhoods that have never before experienced a flood more vulnerable.

Don’t expect the government to help

Governmental assistance is only available in less than half of all floods, and it usually comes in the form of a loan-repayable with interest. In contrast, flood insurance pays qualified claims quickly, giving you the cash you need to get your business back to business.

There is a thirty day waiting period before coverage takes effect. Don’t wait until it is too late.

Barbara Gracey Backer
Barbara Gracey Backer

Barbara Gracey Backer is the Vice-President of Gracey-Backer, Inc., an Insurance Agency in Delray Beach, Florida specializing in All Lines of Professional and Personal Insurance. She may be contacted at (561) 404-5746 or at barbara@gbifl.com.

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