Understanding Commercial Flood Insurance in West Chester, PA
West Chester, PA is no stranger to flooding. As a local business owner, you can protect yourself with the right commercial flood insurance policy. A clear understanding of what is and isn’t covered by flood insurance can help you save potentially thousands of dollars over time. This can be the difference between a resilient, successful business and one that struggles in the aftermath of a natural disaster.
Coverage Offered by a Commercial Flood Insurance Policy
There are two types of commercial flood insurance. The first type covers your building structure. This includes the four walls, the ceiling, and the integral components like plumbing, electrical wiring, and your HVAC unit. The second type of coverage compensates you if the contents of a building are damaged due to flooding. Both types of coverage have policy limits. If your business premises include expensive commodities, you may need to consider an umbrella policy.
Exceptions to Commercial Flood Insurance
Commercial flood insurance doesn’t provide compensation for income lost due to flooding, cover commercial vehicles on the business premises, or the cost of replacing valuable papers that were lost or damaged in the flood. It also doesn’t cover pre-existing damage. For example, if an insurance adjuster finds pre-existing damage to your flooring during the investigation, it may affect your compensation.
Reliable Flood Insurance from Griffith Insurance LLP
Griffith Insurance LLP is a full-service, independent insurance agency. We specialize in assisting business owners in and around West Chester with affordable insurance. If you wish to learn more about flood insurance or our other commercial insurance policies, please contact us at your convenience to ask questions or receive price quotes.
