Commercial Flood Insurance in Branford

9/19/2019 (Permalink)

Commercial water loss - pipe break

The National Flood Insurance Program (NFIP) provides flood insurance. The NFIP doesn’t sell insurance. Buy flood insurance from an insurance agent.

SERVPRO of Branford/Shoreline is interested in helping the businesses in our community become more educated on flood insurance. According to FEMA, 40% of small businesses do not reopen after experiencing a devastating flood.

Things to know in Branford. Check to see if you might be required to have flood insurance.

• All agencies in Branford charge the same for flood insurance
• Standard commercial insurance doesn’t pay for flood damage
• The NFIP sets the rates
• Rates depend on:
  • whether you live in a flood plain
  • flood risk in your area
  • building’s age
  • building’s construction
• Building property insurance covers the building
• Personal property insurance covers the building’s contents
• NFIP suggests you need both types
• Policies go into effect 30 days after purchase
• The NFIP help center number is 1-800-734-3213

SERVPRO of Branford/Shoreline recommends the following:

• Check whether or not your area participates in the NFIP
• Check whether or not your area is part of the Community Rating The NFIP might have a discount
• Talk to your insurance agent when you need to make changes

Make sure your business is protected from the devastation that comes with unwanted flooding in your office.

Links:

https://www.usa.gov/property-insurance

www.fema.gov