Commercial Property Water Damage Insurance Claims Baltimore MD
Managing a commercial property will mean recognizing the potential risks
and hazards of the property, which includes water damage caused by natural
disasters, flooding, and malfunctioning building equipment. In order to
stay prepared, you will want to have the right insurance policies for
your business, which will make water damage restoration with The Mold
Dr. an efficient and stress-free process. Keep reading for a closer look
at commercial water damage insurance claims and the benefits it will offer
when your building is subject to flooding and other unexpected accidents.
Your Commercial Insurance Needs in Baltimore
Similar to residential homeowner’s insurance policies, commercial
property insurance does not cover flood damage, so a separate policy is
needed to ensure coverage for all types of water damage. Coverage that
does exist with your Baltimore commercial policy will include water damage
resulting from burst pipes, HVAC system leaks, irrigation damage, and
sewer backup. In most of these cases, mold remediation will also be covered
by insurance, since mold damage is a side effect of the existing damage.
Commercial Flood Insurance Coverage
Commercial flood insurance can cover a wide range of building property
and personal contents. Typically, a flood insurance policy for a commercial
building will cover the building and electrical system, curtains and furniture,
appliances, and flooring not included in building coverage such as carpet.
Items excluded from commercial flood insurance include currency, financial
losses from business closure, and damage caused by avoidable sources (non-natural
disasters). By carrying both flood and property insurance, you will have
optimal coverage for losses that may take place due to water damage, including
mold remediation that could minimize costly health risks for your employees.
Commercial Property Flood Risks
The expense of your commercial water damage and flood insurance can vary
significantly, depending on the size and occupancy of your building, equipment
used for your business, and the regional flood risk. Even buildings without
large appliances and equipment that utilizes water, there is a risk for
flooding with plumbing, HVAC systems, and structural damage such as roof
leaks. Therefore, it is important for all businesses to carry the right
policies so that they can rely on the services of The Mold Dr. when water
damage does occur.
The Mold Dr. can get your building back in shape quickly so that you have
fewer missed work days caused by water damage, mold, or fires. If you
are in need of water damage restoration for your commercial property in
Baltimore, give us a call anytime at (410) 935-0874 for an estimate.