Protection From the Storm
Storms can happen quickly and violently, and the resulting damage can be catastrophic. Tornadoes and hurricanes in the United States have a history of wreaking havoc on lives and structures. Damage from wind, water, debris, and even fire can occur. With such a severe threat, commercial storm insurance is available and is a popular financial decision with many business and commercial building owners. Here is a breakdown of common damages from storms assisted by insurance, as well as the contingencies involved:
• Contents coverage – These plans typically cover inventory, computer systems, furnishings, and equipment. A specific dollar amount is usually placed on the contents, so it is important to make sure that this amount covers a total loss.
• Falling debris and trees – As long as it is in direct relation to the storm, the commercial property storm insurance may cover the damage caused from a falling tree; however, if the tree was already at risk of falling and/or lacked regular maintenance, the coverage may not apply.
• Rebuilding and cleanup – If a great deal of damage occurs, the policy may help with cleaning up and rebuilding. Remember that the value of the cost to rebuild is often reflected in the coverage, which is different than the property’s market value.
When Does It Apply?
Determining what is covered under this type of insurance can be complex, but the list above provides some basic information and understanding. Commercial insurance coverage varies by company and other factors, but the general goal is to provide compensation for damage that is unpredictable and unavoidable in Cleburne, TX . Remember that many commercial insurance policies will not cover damages incurred from normal wear and tear on the structure.
Protecting Your Livelihood.
Nature is powerful and can be unpredictable. Whenever it threatens a business or even causes damage, having storm insurance for commercial property can provide financial protection and immense peace of mind.
For more information, please visit us at http://www.SERVPROofcrowleysjc.com.