Summer Flooding
  • By Allan M Block Blogging Team
  • Posted July 10, 2016

Summer Floods

As summer approaches, some areas will experience frequent downpours, which are prime contributors to flooding.

Owners of commercial property located in a designated flood zone are often required to purchase flood insurance as a term of a mortgage. However, a majority of properties are not located in flood zones, leaving the choice whether or not to insure up to the owner. Unfortunately, too many owners ignore the statistics, which annually prove that more than 20% of flood-damaged properties are located outside of designated flood zones.

Additionally, other factors can affect your need for flood insurance. For example, road construction and land development often increase the flood hazard long before the Federal Emergency Management Agency is able to redraw the local map that designates flood zones.

Most business income insurance policies do not cover losses resulting from flood damage. Even if the business owner doesn’t own the building, flood insurance may still be secured for damage to the business’s personal property and stock, so consider the value of a flood policy for your commercial enterprise.

For more information or answers to your insurance questions, contact us at Allan Block Insurance Agency,, located in Tarrytown, NY in the heart of Westchester County, a key business district near New York City.  We write auto, home, renters, condo, co-op, personal, business, life and group insurance for clients locally and in NYC, CT, NJ, PA, MA and many other states. The Professional Agency with the Personal Touch.