Authored by Sara Weathers

According to a recent Insurance Journal article, insured weather-related losses doubled to $80 billion globally from 2011-2020 compared to the prior decade.

Even with the amount of flooding up, the amount of flood insurance coverage has remained low. With flooding in Kentucky, Mississippi, and Texas recently, more and more places are seeing flooding that they haven’t seen before.

Many business owners aren’t aware that their regular property insurance may not include flood insurance. As climate change continues to cause uncertainty, now is the time to make sure your business is protected from an unexpected weather crisis.

Have questions about your coverage? AdvoCap Insurance is here to help.