When most people think of a flood, they might recall major events like Hurricane Katrina or Hurricane Sandy. These massive storms caused billions of dollars in damage. However, most floods result from less catastrophic situations. In actuality, the damage caused by a few inches of standing water can reach tens of thousands of dollars.
If you’re seeking flood insurance in Apex, Marlow Campbell Insurance Group has you covered. Did you know that every house in the country is in a FEMA flood zone? Some zones are more prone to flooding than others.
In most cases, there is a 30-day waiting period when you purchase flood insurance, so don’t wait until it’s too late!
Click And Learn
Buildings
Contents
Increased cost of compliance
Prevention, Protection & Clean-up
Excess coverage
Buildings Coverage
Risk Factors
A flood can cause major damage to floors, walls, ceilings, plumbing, electrical systems, and HVAC.
Solution
Commercial Flood insurance provides up to $500,000 in coverage for direct physical damage to buildings from or by flooding. This includes damage to floors, walls, ceilings, plumbing, electrical systems, and HVAC. In addition, for businesses that rent their buildings, this coverage can provide for tenant improvements your business has made to the building you rent.
Contents Coverage
Risk Factors
A flood can damage furniture, fixtures, inventory, machinery, equipment, and other property your business owns, and you need to pay the expenses for their replacement.
Solution
This also covers the contents of your building up to $500,000. Contents coverage includes furniture, fixtures, inventory, machinery, equipment, and other property your business owns that a flood has damaged.
Increased cost of compliance
Risk Factors
Cities and communities usually update their building standards over time to reduce damage from floods. However, if your building was built before the current standards took effect, you may incur additional costs to rebuild or bring your building up to the current flood management standards.
Solution
ICC coverage reimburses you for the cost to elevate, demolish, or relocate a damaged building. It also reimburses the cost of floodproofing qualified basements in buildings. ICC claims are handled in addition to the amount of your building claim.
Prevention, Protection & Clean-up
Risk Factors
Sandbagging is the most common and effective form of flood protection before a storm. A storm or a flood can damage your contents, and you need to pay for the clean-up of debris.
Solution
The NFIP will pay up to $1,000 to reimburse the cost of placing sandbags to protect your property. In addition, Commercial Flood Insurance will also pay up to $1,000 to reimburse the cost of moving items out of danger in advance of a storm. Finally, Flood Insurance will pay for the cost of removing debris from your property after a storm.
Excess coverage
Risk Factors
If you need higher coverage limits beyond the NFIP limits, you can purchase excess coverage from a private insurer.
Solution
In addition to the coverage provided by the NFIP, excess flood insurance coverage is available from insurers on the private market. Excess coverage can also offer business income insurance lost due to a flood. This can compensate your business for lost profits, as well as wages and operating expenses while your business is unable to operate.
Homeowners Insurance Does Not Cover Flood Damage
Flood insurance must be purchased separately, whether you live in Apex or any other part of Carolina. It is not included in homeowners insurance.
Your flood insurance policy may also cover your efforts to remove debris, move furniture, and sandbag your house.
Your mortgage lender may mandate that you obtain flood insurance if you reside in a specific flood zone. Flood insurance is optional but recommended if you live outside a high-risk zone or have no mortgage.
How to Get Your Flood Insurance Quote
To get started on your quote, visit our office at Marlow Campbell Insurance Group, 1001 Pemberton Hill Rd. Suite 203 Apex, NC 27502. We’ll make the process simple and straightforward!
Already have Commercial Flood Insurance? Switching is easy
It might be time to switch insurers whenever the service that your existing insurer provides doesn’t meet your needs. For example, if you have a poor claims experience or an unexplained rate increase, it might be time to consider other options
If you cancel a previous policy before a new policy is effective, you could run into some serious financial problems.
Contact us today to help you with multiple options to choose from.
Request a Quote
Get Personalized Insurance
We extend coverage to individuals and businesses in Apex, NC and surrounding areas.
