Climate change is a reality. Flooding is a major factor in climate change. Every year billions of dollars are lost on property damaged by flooding. A recent example of this trend is the May, 2010 flooding of Nashville, Tennessee. Over a billion dollars of damages resulted from the Nashville flooding.
Not all flooding victims are the same. Some flood victims have insurance and some do not. Those flood victims who have flood insurance are in a much better position of those who do not have insurance. It’s safe to say that it’s really a gamble for a commercial property owner to not have flood insurance. When sudden, massive flooding strikes many commercial properties are simply destroyed. The benefits of having commercial property insured for floods far outweight the costs to maintain it.
An important fact to be aware of is that homeowner’s insurance does not cover flooding events. You might be curious about the cost of flood insurance. Amount of coverage purchased, location and age of building to be covered, design and elevation of covered building are some of the factors involved in price
Ameriflood is a very popular flood insurance provider. The reason Ameriflood is popular is because they offer, in most cases, a 12% rebate. Does flood insurance become effective immediately?. In most cases there is a 30 day waiting period before flood insurance coverage becomes active. Contact Ameriflood to find out how you can save 12% off your flood insurance.
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