Flood Damage Insurance Coverage
We sell the top 5 Builders Risk policies that write 95% of all Builders Risk Insurance in America
Call Us Now! and Get your Builders Risk Insurance Today!
Flood Damage Insurance Coverage
Building projects face many risks and floods are one of the most expensive threats. Flood Damage Insurance Endorsement covers water-related harm to your property, protecting your investment and materials from big money losses.
What Is a Flood Damage Endorsement?
Flood Damage Builders Risk Endorsement is additional coverage to a builders risk insurance policy. Regular builders' risk policies cover common risks like fire, theft, or vandalism. But they don't include flood damage, unless you add this endorsement.
Flood damage can be extremely costly in flood-prone areas. Therefore this endorsement will help you bounce back if a flood harms your construction site, materials, or unfinished structures.
Types Of Flood Damage
Flood Damage Vs. Water Damage
Although people often mix up "flood damage" and "water damage," they're different when it comes to insurance.
Flood Damage
- This means water damage from natural floods like storms, rivers spilling over, or rising seas. To get coverage for flood damage, you need a special add-on or a separate flood insurance policy.
Water Damage
- This means accidental water damage from inside problems like pipes bursting, leaks, or appliances breaking down. Standard builders risk insurance policies cover this kind of damage without needing a flood add-on.
If you're a contractor who installs equipment and often moves tools, you might need both types of insurance to get full coverage.
Prevention Strategies
Insurance offers protection, but it's just as crucial to take action to lower the risk of flood damage. Here are some ways to stop or lessen the effects of flooding on your building project:
Get Flood Damage Insurance Quotes
If you want to get an exact cost for Flood Damage Insurance, we encourage you to get quotes now from our experienced agents.
Our experienced agents are well-versed in what type of coverage is needed to protect your property from the risk of floods. After understanding your insurance needs, our agents can usually reduce policy prices through additional discounts of 10% to 15% from the instant quotes you receive.
We provide the finest comprehensive plans for your business by providing:
- Knowledgeable, licensed insurance agents
- Same-day coverage in most instances
- Coverage from A-rated insurance companies
- Ability to offer policies nationwide
- The lowest price for the best Insurance coverage in the industry