Commercial Earthquake Insurance

Top 3 Reasons To Own Commercial Earthquake Insurance

Peace of Mind:
Buying commercial earthquake insurance can provide peace of mind for apartment building and commercial property owners knowing that they are protected from financial losses in the event of an earthquake.
Risk Management:
Earthquakes are unpredictable and can cause significant damage to a business. Buying commercial earthquake insurance is a logical way to manage the risk of financial losses due to earthquake damage.
Competitive advantage:
If a business is located in an area prone to earthquakes, having commercial earthquake insurance can give it a competitive advantage over businesses that do not have this coverage. This is because the business is better protected against financial losses, which can help it to recover more quickly and continue operating.

"Don't Wait Until It's Too Late: The Importance of Buying Flood Insurance"

Floods are devastating natural disasters that cause expensive damage to properties. They can happen anytime and anywhere, and homeowners are always at risk of losing their valuable assets. Unfortunately, standard homeowners' insurance policies don't cover this type of calamity. That's why getting flood insurance is a must-have for homeowners who want to secure their investment and protect their families from any loss.

What is Flood Insurance?

Flood insurance is a type of insurance policy that provides coverage for damages caused by floods. This policy covers both the building and its contents, making sure that homeowners are financially protected when a flood occurs. Flood insurance can be obtained through the National Flood Insurance Program (NFIP) from the Federal Emergency Management Agency (FEMA) or by private insurance companies. NFIP provides coverage of up to $250,000 for the building and $100,000 for its contents. If you need more coverage, you can purchase additional insurance from private insurers.

Who Needs Flood Insurance?

Flood insurance is highly recommended for homeowners living within the 100-year flood zone, which means they're located in areas susceptible to floods, according to FEMA's flood maps. However, homeowners outside the flood zone can still be at risk. In fact, 1 in 4 flood claims comes from properties outside the designated flood zone. You can check your property's risk level on FEMA's website or consult with your insurance agent to determine your flood risk.

How To Get Flood Insurance?

Flood insurance is available from the NFIP or private insurers. However, the process may differ depending on where you're buying insurance. Calico has options from both NFIP and private flood insurers. Keep in mind that the cost of flood insurance would depend on various factors, such as location, property type, and desired coverage limit.

Floods can cause significant damage to your home and personal belongings, and the expenses could be unbearable without proper insurance coverage. Buying flood insurance is a smart investment that can help you secure your property and finances when you need it most. Ready to take the next step? Request a quote online or give our agents a call.