Natural disasters are becoming increasingly prevalent worldwide. Wildfires devastate businesses, leaving only ashes behind. Floods, earthquakes, and tornadoes result in billions of dollars in damages each year. Many companies invest in commercial insurance, but does this cover damage from natural disasters?
Mandatory Coverage
Many high-risk areas require coverage for common natural disasters. For instance, businesses in flood-prone areas often need flood insurance. Businesses in these areas must often take precautions as per their insurance company, such as installing special windows and doors to minimize damage. Consulting with an agent at Reinas Insurance Agency Inc. is crucial to determine if natural disaster insurance is mandatory for your commercial insurance policy.
Additional Coverage
Standard commercial insurance may not cover specific natural disasters, even if the business is in a high-risk area. However, many insurance providers offer additional coverage for natural disasters or acts of God. You can invest in coverage for tornadoes, hurricanes, floods, and other uncontrollable events. Research the area your business is in, determine your risk, and speak with an agent serving Pasadena, CA about the coverage options available.
Insurance Specifics
Many insurance policies cover specific types of damage. For example, a policy may cover wind-related damage to windows, including window replacement. This would apply to damage from hurricanes, tornadoes, and severe storms. However, the policy may not cover every aspect of damage. It may cover damage to windows and doors but not cover water damage resulting from water entering the building through broken windows, doors, or a damaged roof.
Contact Reinas Insurance Agency!
Speaking with a professional insurance agent is crucial to ensuring your building has appropriate coverage. Reinas Insurance Agency Inc. currently serves the Pasadena, CA, area. Contact us today!
