If you’re reading the news, you’re seeing stories of catastrophic flooding across the U.S. From Kentucky to Florida, significant flooding events have caused untold damage to homes and businesses, and it’s clear that protection against these risks is essential. Cross Creek Insurance wants you to be protected when it comes to flood risk near Hope Hills, NC. Here are some tips you need to know.
North Carolina Insurance Coverage
According to the North Carolina Department of Insurance, flood and earthquake coverage is not part of most typical insurance policies. While earthquake policies can be private add-ons, flood insurance is legally required to go through the National Flood Insurance Program (NFIP). The NFIP sets flood insurance rates and designates which locations are eligible for flood insurance by county and zip code.
Additional Business Insurance
While you cannot get direct flood insurance outside of the NFIP, many business insurance policies may support you if you fear flood risk in a non-traditional flood area. Business insurance policies can often be expanded to insure against loss of product and revenue. Property insurance can help support risks to your building or store inventory. Loss of Use style policies can help support your business if you are forced to close for any reason. Liability policies can help protect against risk or injury to a person and your damaged property.
Many businesses bundle policies with a qualified insurance agent, often called a comprehensive policy. These bundled policies can help protect against damage in all areas of your business, from flood to fire. Cross Creek Insurance experts can help ensure you aren’t missing any critical areas of coverage for business in Hope Hills, NC. Contact us today.