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It's your business to know the FACTS about flood insurance

FACT: Flood insurance is the smart way to go if you own a business.
What do you have to lose from water and mud damage in the event of a flood? Whole businesses have been swept away in floods, just as if they had never existed. The value of your inventory, supplies, stock, furnishings, and business and office equipment more than justifies the small cost of federally sponsored flood insurance.
FACT: If you have an SBA loan or any other government-backed loan (such as Freddie Macs and Ginnie Macs) on a commercial building, you are required to carry flood insurance.
This is for your own protection. About 25% of all flood claims come from areas no one considered high risk.* Combine this with the fact that there are more floods than any other natural disaster in America. So no one should assume that flood insurance is not needed.
FACT: Whether your flood risk is big or small, you can easily get federally sponsored flood insurance.
The National Flood Insurance Program offers coverage up to $500,000 for commercial buildings and up to $500,000 for contents. National Flood Insurance is available from authorized agents of American Bankers Insurance Company of Florida.
More facts smart business people need to know.
  1. More than 90% of all property damage caused by natural disasters
    is the result of flooding.*

  2. Don't make the mistake of thinking flood losses will be covered by your other insurance. Read the exclusions and limitations in your existing policies, then do the smart thing. Buy flood insurance.

  3. Don't wait to buy flood insurance. You can purchase flood coverage at any time. However, after you apply and pay the premium, there is a 30-day waiting period before your policy goes into effect.

  4. You are eligible for federal flood insurance, even when your building or property has been flooded previously, as long as your community is part of the National Flood Insurance Program. Your authorized American Bankers Insurance agent will provide full details.


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