Commercial Flood

Most commercial property policies exclude flood as a covered cause of loss. Through the [NFIP], coverage for your building and contents is available and typically, there's a 30-day waiting period from date of purchase before your policy goes into effect. 

If you already have a flood policy, be sure to renew it each year to remain financially protected against costly flood damage. If you If you’re unsure, just ask Towne Insurance to review your coverage, and we’ll help you find the best solution. Our experts keep up with the changes taking place so you don't have to guess about protection.

Considering buying flood insurance? Consider these flood insurance facts: 

  • At least 25 percent of businesses that close after events, like a flood, never reopen according to Federal Emergency Management Agency (FEMA).
  • A flood insurance policy compensates business owners for all covered losses, and unlike a Federal disaster loan, it does not have to be repaid.
  • If your business is in a moderate- to low-risk area, you may be able to obtain the lower-cost Preferred Risk Policy. 
  • Business owners who lease their space can purchase contents-only coverage.
  • In most cases, it takes 30 days after purchase for a policy to take effect, so it's important to buy insurance before the storm approaches and the floodwaters start to rise.
  • Excess Flood Insurance may be available.