The peril of Flood is excluded from your property policy and, in order to be a covered peril, needs to be put in place with a flood policy. A flood can be incredibly destructive and cause a total loss to your business if you are in a flood zone. Base flood policies are placed through the National Flood Insurance Program (NFIP) with options for excess flood to meet your coverage needs. When considering Flood insurance, it is important to note that the NFIP generally requires a 30-day waiting period before a policy goes into force.
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