Business Insurance and Water Damage Coverage

1/5/2021 (Permalink)

Commercial water restoration in Centre City, CA

No matter how well you plan and the precautions you take your Centre City, CA business is bound to experience water damage. Regardless of size, weather and plumbing eventually will find a way to give owners a headache. While a water remediation and restoration company can get your business back to “Like it never even happened,” having business insurance eases the cost factor.

Water Damage Happens

Water infiltration where it shouldn’t be can happen to new and old buildings. The top two reasons are:

Broken Pipes – Since the majority of the plumbing system is behind walls, a damaged pipe can easily go unnoticed until there is no way to miss the problem, which may mean 100s of gallons of unwanted water.
Gradual Leaks – Along with pipes and connections to toilets, sinks and showers, other common items in a business have the potential to leak. Appliances, HVAC units and fire sprinklers all have the potential to slowly degrade and leak, which will eventually turn into a much bigger problem.

Know Your Policy
Water may be a life-sustaining element, but it can wreak havoc on a business. From rotting wood to corroding pipes, the faster water cleanup can happen the better. The longer a problem sits, even if it is hidden, the greater chance of long-term damage and mold growth. Unfortunately, the cleanup process isn’t always fast or inexpensive. Staying on top of your insurance coverage is key to being able to get back on track as quickly as possible. Most standard policies cover burst pipes, storm damage and leaking equipment, but additional insurance will be needed if located in a flood-prone area. Before damage happens, work with your insurance coverage to have a complete understanding of what is and what may not be covered.
Dealing with water damage can severely impact a budget, from downtime to extensive repairs. Making property insurance a priority is key to being able to make it through an unexpected event.