Every year hurricanes sweep through the southeast U.S. and devastate thousands of homes and businesses. These natural disasters can cost a business much of their capital, and even have the potential to drag them down.
Hurricanes have been a driving force behind floods that send business owners into a panic. To better prepare for a water-related natural disaster, businesses can check to see if they are in a flood zone, which makes them able to purchase certain insurance policies.
“One important point to be aware of if you have a property that needs flood insurance is that insurance companies are unlikely to insure your property if a hurricane threatens or perhaps even during a hurricane,” Loxley McKenzie, managing director of a property investment company. “Therefore it might be worth timing your closing of the property and keeping an eye on the weather forecast before putting pen to paper.”
While floods have been known to cause many problems for business owners, companies can save themselves much heartache by investing in flood and property insurance policies that can help them financially if they are affected by a natural disaster.
