Delaware Business Insurance Update, by CNC Insurance Associates Inc. "Colorado Disaster Shows The Need For Flood Insurance Everywhere" 9-24-13

The sad devastation of mountain homes, roads, businesses, and properties in Colorado, shows the unpredictable nature of flooding. Most business owners don't worry about buying flood insurance unless they are near large bodies of water or on the coast. After the events in Colorado, business owners are re-thinking their need for flood insurance. No one could have predicted that 17 to 18 inches of rain would fall so suddenly in the Colorado area. This resulted in massive flooding which caused major damage. The Flood insurance program can cover this type of event. Groundwater and rain runoff are covered by flood policies. The mistake that most business owners make is thinking their property policy would cover this type of event. Unfortunately this is not the case. The same goes with homeowners insurance policies, groundwater and rain water runoff is not covered. Flood insurance should be part of every business and personal insurance portfolio. The unpredictability of rain and storms, even in areas you would never think could flood, should be motive to buy this coverage.  Until next time be careful out there and know your risks.

G. Kevin Nemith President CNC Insurance Associates Inc.
Serving DE, MD, VA, NJ, & PA
www.cncinsurance.com
www.bizinsurancetv.org

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