Category: Flood Insurance

At Smoller Insurance Agency in Boston, MA, we provide competitive flood insurance quotes to help keep your home-based business running. 

Here are some facts that you need to know:

Historical Flooding Near Newton and Boston, MA

According to the National Weather Service, the Boston and Newton region has seen nearly 15 inches of historical precipitation in a month, flooding many ground floor and basement offices and homes. Moreover, business disruptions due to power outages and equipment damage cost the city of Newton and the Boston area $75 million during flooding in 2010. But flooding does not have to be deep or extensive to be expensive.

Flood Damage and Business Disruption

Zakia Sultana and others at the GFZ German Research Centre for Geosciences define business disruption as lost income caused by the inability to provide or receive services, economic output, or profit. For example, a flood may cause lost inventory and damage your location, but real damage occurs afterward. From delivery delays to supply-chain woes, your business reputation for getting things done right and on time could suffer for months.

Assessing Your Commercial Flood Insurance Needs

At Smoller Insurance Agency, we know how crucial getting your business back into operation after flooding can be. And your homeowner’s policy will not cover flood damage. You need a commercial flood insurance policy if you have a home-based business. We can help you decide how much coverage to buy based on how flood damage could affect your home-based business. For example, a ground-floor home office in a 1932 building could require over $400,000 to replace.

Get Flood Insurance Today

Contact us today at Smoller Insurance Agency before the next flood for a free consultation about your commercial flood insurance needs.

When floods strike, you can be sure that there will be loss and damage to property. Fortunately, you can avoid out-of-pocket repairs by investing in flood insurance from Smoller Insurance Agency of Boston, MA.

Regrettably, most homeowners don’t have flood insurance. Some think that home insurance protects them against floods only to discover the opposite when filing a claim. Others fail to buy flood insurance, hoping that the federal government will declare floods in their area a national disaster.

Are you thinking about flood insurance? You are on the right track. Here are the benefits you will accrue when you purchase this coverage.

Protects your dwelling

When you purchase flood insurance from NFIP, you get dwelling coverage of up to $250,000. Of course, if you opt for a private insurer, you can get a higher coverage limit. Flood insurance covers the following on your building:

• Electrical and plumbing system
• Air conditioning system
• The building, including the foundation
• Permanently fixed carpets

Since water damage can be expensive, financing flood damage from your pocket can drain your savings. Thankfully, with flood insurance, repair bills after flood damage are your insurer’s headache.

Protects your assets/contents

NFIP offers contents coverage of up to $100,000 and is supposed to cover the below:

• Personal stuff, including furniture, electronics, and clothing
• Carpeting that isn’t permanently fitted
• Portable air conditioners, microwaves, and so on

Because it has taken you years to accumulate your assets, it would be devastating to lose them through floods. However, this can’t be the case when you have flood insurance.

For peace of mind

Who doesn’t like a peace of mind? Unfortunately, you can’t sit pretty in your home when you know that any bout of floods will set you back hundreds, if not thousands, of dollars in repairs. 

Luckily, flood insurance can take care of your worries.

Buy flood insurance today!

Would you like to protect your Boston, MA home with flood insurance? Would you please talk to Smoller Insurance Agency for an affordable quote?