Commercial Storm Insurance Coverage

9/23/2020 (Permalink)

Storm damage in Overland Park, KS

Commercial property insurance is a vital resource for protecting your Overland Park, KS, business from serious financial losses. A comprehensive plan is generally best, but does it provide all the coverage you need? If you live in an area where storms are an issue, you may want to consider the value of commercial storm insurance.

What Does Storm Coverage Pay For?

Some commercial insurance coverage provides financial compensation for damages caused by storms. There are some exceptions to this type of protection, however. Some of the most common areas in question include:

• Normal wear and tear. Storm coverage isn't likely to cover damages caused by aging or heavy use. You'll need to show that damage was the direct result of the storm. This goes for your roof and other systems throughout the building.
• Contents of the building. Your business equipment, computers, inventory, and even furnishings are usually covered. Before a storm hits, be sure the coverage is high enough in case of a total loss. Most insurance policies place a specific dollar amount for the contents coverage.
• Cleanup and restoration. Some insurance companies offer a dollar amount for the value of your business, but some pay a percentage only after you have paid a certain out-of-pocket amount. Discuss this with your storm insurance provider. Whether you're facing repairs or complete rebuilding, you may find that restoration professionals are a valuable resource.
• Trees and wind-carried debris. Heavy winds can cause a lot of damage, whether it's from a tree dropped onto your roof or a swimming pool from a neighborhood near your building. The insurance coverage may pay for the cost of removal and any damage, but only if there's a direct relationship between the storm and the damage.

What Does Your Plan Cover?

Do you know what is covered by your storm insurance? If not, you should talk with your insurance provider before hurricane and storm season settles in. As the storm passes and summer works its way closer, many neighborhoods in Overland Park, KS, will feel the effects of heavy weather. Make sure your business is protected with the right coverage.