Situations That Warrant Protection Against Flood Damage

10/21/2020 (Permalink)

Floods can cover acres of land

You take good care of your commercial property in Denver, CO so that weather and other problems don't damage your building. You properly insulate your pipes and you make sure that gutters are clean and your roof is in good condition. Certain events, however, can flood your building despite even the best preparations. When these situations occur, you may need to have flood insurance to cover the cost of recovery.

Prolonged Storms

If a hurricane hits your area, it doesn't really matter whether your gutters are clean. The storm and the continual rainfall that probably follows may cause certain problems for your property:

• Standing, contaminated water, especially on lower levels
• Damaged equipment and furniture
• Weakened walls, floors or ceilings

Your building may flood and sustain water damage when storms arise. If you have flood insurance, you have a way to pay for remediation services, even if the damage turns out to be extensive.

Melted Snow

Some storms don't cause damage at the time they occur but rather after their effects start to dissipate. When heavy snows start to melt, the runoff has to go somewhere. If there is too much of it or if it melts too quickly, it can flood your building. Your commercial insurance portfolio should contain policies that take this possibility into account.

Busted Dams

Some disasters have little to do with the weather and more to do with the weakening of structures made by humans. Levees and dams are built to control the flow of water and keep it from overtaking an area. When such a structure breaks, the water it releases goes everywhere, including your commercial building. Documenting the event as well as the damage it causes can help your insurance adjuster determine how much your policy should cover.

If you live in an area that floods regularly, regional law may require you to have flood insurance. Even if you don't, however, it's a good idea to have extra coverage just in case you need it.