Water Damage Can Be Expensive, Insurance Coverage Can Help!

1/3/2020 (Permalink)

You want to make sure your business can be helped in the event that water damage occurs. Not all commercial insurance policies are the same, though.

Insurance Coverage for Commercial Water Damage

It can be expensive to pay for the cleanup and restoration of water damage, which is why it’s important to have thorough commercial water damage coverage from your insurance provider. 

Water damage can be sourced in so many ways and the coverage differs among available commercial insurance policies depending on the cause. You may need to add water damage coverage or get additional coverage on top of the standard policy to cover a greater range of water damage sources. When getting quotes, pay attention to what different companies offer and inquire about what the coverage options are for water damage.

Leaks and burst pipes are among two of the more common causes for commercial water damage, so business owners should especially make sure their policies cover such damage. However, slow, gradual leaks often aren’t covered by commercial property policies. This is because companies see this as negligence, something that could have been prevented with proper maintenance unlike an accident, which happens suddenly and could not have been avoided.

Keep this all in mind when choosing what commercial insurance to get for your business. If you already have a business and commercial insurance for it, look over your policy. Review the coverage to see whether your business is protected against water damage and to what extent. Contact your insurance agent, and inquire with them what additional coverage, if any, you can get to further protect your business. While no business owner wants to deal with water damage, it’s better to be safe and have that insurance than to find yourself unprotected.

If your business ends up suffering from water damage, then you need to seek immediate assistance from a professional restoration company like SERVPRO of Midtown Manhattan, that helps restore damage in commercial properties.

Our professional technicians will begin their work by containing the damage to prevent it from spreading further and becoming worse. Furthermore, they always have the correct equipment to properly dry your commercial property and restore or replace any damaged building materials. If mold has grown as a result of the water damage, our technicians can address that problem as well.

Call SERVPRO of Midtown Manhattan today at 212-768-9400!