A significant portion of Houston, TX, is prone to flooding. If you own a home in a flood zone, your mortgage lender likely requires you to purchase flood insurance before buying the property. However, many homeowners who own their homes outright also choose to purchase flood insurance to protect their property from flooding.

While flood insurance for your home is a wise investment, it doesn’t automatically provide all the protection you may need. For example, it won’t cover your car, even if it’s parked in your garage during a flood. It also doesn’t cover water damage caused by burst pipes or business assets and inventory stored in your home.

Commercial Flood Insurance vs. Home Flood Insurance

Standard flood insurance covers your home’s structure and personal belongings, such as appliances, furniture, and jewelry. While it can help you rebuild your home and replace its contents after a flood, it doesn’t cover business-related items. Commercial flood insurance, on the other hand, provides coverage for business assets, such as machinery and computers, as well as inventory stored on-site.

Additionally, commercial flood insurance policies can be customized to include business interruption coverage, which compensates you for lost income while your home is being repaired. This added protection can be invaluable for home-based business owners.

Call Modern Risk Management for More Information

Modern Risk Management specializes in helping residents in and around Houston, TX, find the best flood insurance for their unique needs. Contact us today to learn more about our policies, policy bundles, and the advantages of different types of flood insurance. We’re here to help you protect your home and business from the unexpected.