It’s that time of year again: hurricane season in Florida. Although Florida is known as the “Sunshine State” for a number of reasons, this doesn’t always mean that living in Florida is a vacation. Florida is also known for severe weather, which include high winds, damaging rains, a tornado or two and probably the worst – hurricanes.
Although Florida residents and business owners know that insurance is important, it is not required, particularly for businesses. But just because commercial insurance isn’t required doesn’t mean that you shouldn’t have it.
What You Probably Don’t Know about Hurricane Insurance
Most business owners may not realize that property insurance might not include hurricane insurance. Hurricane insurance is usually an add-on that costs extra to include in their policies. The location of the business and other factors, such as the proximity to the coast all determine the cost of coverage.
In the event that a hurricane hits and causes damage to your business property, it could cost you a pretty penny. In fact, damages from a recent storm totaled over $100,000 in damaged property and equipment for one business. Could your business survive a financial hit like that?
The Difference Between Hurricane Insurance and Flood Insurance
Most business owners assume that if a hurricane results in a flood that hurricane insurance is enough to cover the damage. However, flood insurance is a separate policy all together. Like hurricane insurance, flood insurance is another add-on that costs extra.
Hurricane insurance and flood insurance for business are well worth the added costs, especially in an area that is prone to hurricanes. It is a small price to pay to recoup some of the losses from a severe storm than being forced to shut your doors for good.
How Synergy Insurance Can Help
The team at Synergy Insurance specializes in writing insurance policies for homeowners and businesses in the state of Florida. Since hurricane season is now in full swing, Synergy Insurance wants to ensure that business owners recognize why they should have insurance and understand that hurricane insurance and flood insurance are separate.
This year’s storm season is expected to be busy in the Atlantic, so the team at Synergy Insurance wants business owners to be prepared in advance. Contact our team today for questions, or click the button to get a free quote.