But flood insurance is also important for businesses, because business insurance does not cover flood damage, either. Independent insurance agents are here to eliminate the hassle of searching on your own by walking you through a handpicked selection of top policies for you. But first, here's ...
All businesses can suffer extensive building damage and inventory losses in a flood, but flooding in a community bank can irrevocably affect the bank’s reputation and even cause the closing of the branch. Attorney Bill Voss explores the unique insurance needs of financial institutions, helping ...
The purpose of property insurance is to protect businesses in the case of huge losses caused by property damage or catastrophes. With the coinsurance clause in place, businesses who would like to save money and avoid further expenses by going for lesser insurance would be encouraged to insure the...
Image Gallery: Car Safety Even if it wasn't submerged as much as this sedan, a car that's been in a flood may have significant damage. See more pictures of car safety. iStockphoto/Thinkstock A good dealer can restore flood-damaged cars so that they look almost new, but don't ...
We understand that this is an extremely difficult time for you. Now that you have been flooded, your problems unfortunately will not stop when you have repaired the damage caused by the flooding. You are going to have insurance problems. Your property value may decrease with a history of floo...
This comes from damage and disruption to things like communication towers, power plants, roads, and bridges. This brings business activities in an area to a standstill. Oftentimes, major flooding results in dislocation and dysfunction of normal life long after flood waters recede....
Protecting your house from future flood damage will increase your property’s resale value. Many floodproofing measures can be easily worked in during repair and rebuilding, reducing your costs. Some financial assistance programs can help pay for flood- proofing. ...
Attorney Bill Voss explores different forms of coverage as well as the protection offered through the National Flood Insurance Program (NFIP) that could be used to pay for extensive water damage. Flood Coverage for Veterinarians, Dog Rescues, and Animal Care Services...
Businesses Sue Des Plaines over Flood Damage
• If there is substantial damage or improvement to a building. Q: How are flood insurance premiums changing under the new law and who will it impact? A: Starting January 1, 2013, premium rates for subsidized non-primary residences will begin increasing. Rates will increase 25% per year...