What Are The Benefits Of Having Commercial Storm Damage Insurance For My Grand Rapids Business?

8/27/2021 (Permalink)

When a severe weather system hits the Grand Rapids area, local businesses may experience damage and devastation. According to the NOAA National Centers For Environmental Information, storm damage to companies can be significant. Storm insurance is a vital part of keeping any enterprise safe from the often devastating costs associated with storms. A business owner may not have the available cash to pay for expensive restoration and reconstruction projects, so this type of insurance policy will be an important part of any smart business strategy. 

How Can A Storm Damage Insurance Policy Help My Grand Rapids Business Recover?

Two of the most important areas in which a storm damage insurance policy can help you get back to normal after damage from bad weather are:

Property Loss. Such insurance coverage will usually handle payment to replace or restore lost valuables and possessions - also referred to as property loss. Heavy rainfall and flooding may have ruined items essential to what you do. A storm damage policy for your business can ensure that you receive the correct compensation that will allow you to replace the items and get back to business.  

The following are typically listed as covered items:

• Electronics
• Technology
• Fixtures
• Documents
• Furniture
• Inventory

Structural Damage. The most significant expense is often from the repair of the facility itself. Storm insurance will provide funding for the remediation and restoration of the business structure, with the owner usually paying a deductible amount upfront. The insurer then provides payment for the balance; maximums may apply here, so you will want to check with your insurance representative. 

What Are Some Other Advantages Of Purchasing Storm Damage Insurance Coverage For My Grand Rapids Business?

Best Coverage. Private insurance options can give you better coverage than a government policy, such as FEMA. Private storm insurance policies can be stand-alone, meaning they provide your primary or base flood insurance. Or they can be 'excess', which means they provide additional coverage on top of a base policy, such as a FEMA policy.

Peace Of Mind. Storm insurance is a business owner's safety net, giving financial support during hard times, as well as the peace of mind that comes with knowing your enterprise is safe, no matter what comes.

The restoration team here at SERVPRO of South and Northwest Grand Rapids is available 24 hours a day, 7 days a week to assist you if the worst happens. In addition to storm damage and commercial restoration, we handle fire damage, mold remediation, and more. 

We can get your home or business Certified: SERVPRO Cleaned, too. Ask us how!

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