Blog Tag: property and casualty
When running a business, it can be difficult to keep tabs on your commercial property value because your attention is often pulled in other directions. Losing focus on this number, however, can spell big trouble for your commercial property insurance policy. If you experience a loss and file a claim, your insured property value will be the number that either gets you back to business or forces you to shut your doors – so you better be sure that number is right!
Try to imagine that you’re stranded in the ocean, struggling to keep your head above water. Someone finally throws you a life preserver, but you find out it’s full of holes and isn’t going to keep you afloat. It’s a devastating feeling to be thrown a lifeline, only to discover it isn’t strong enough to provide the help you need. This could be the unfortunate reality for many people who count on the National Flood Insurance Program (NFIP) for financial protection in the event of a flood.