Georgia Flooding Makes a Case for Every Business to Have Flood Insurance

Taken by me, Mikereichold 01:45, 29 December 2...Areas of northern Ga. that have never flooded are now under water from a deluge of rain. The State climatologist says that Atlanta had not seen rain of the magnitude received in over a century. The Chattahoochee river broke through its banks and wreaked havoc on the surrounding areas. The total estimated damages will be in excess of 300 million dollars. What makes this worse is that only 20% of the claims will be covered by flood insurance. The rest of the damage will not. Many business owners neglect to consider flood insurance for their businesses. Like homeowner policies flood is not covered under business owner policies. A small entrepreneur can be put out of business by a large rain event and not be able to use his property insurance to cover the damage. Assess your area and place of business. If you are in a low lying part of town and vunerable to large runoff after a rain storm, then buy flood insurance. If you are near a river, stream or tributary then buy flood insurance. Consult your business insurance professional to discuss your risk factors. Until next time be careful out there and know your risks.  Kevin
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