Does Your Business Insurance Cover Floods? Floods can strike unexpectedly, causing significant damage to your Florida Panhandle businesses. As a business owner, you might wonder, “Does my business insurance policy cover floods?” At Term Brokers Insurance, we’re here to clarify flood coverage for commercial properties and help you protect your business from costly losses.Understanding Business Insurance and Flood CoverageMost standard business insurance policies, such as Business Owners Policies (BOPs), do not include flood coverage. These
Michael McDonald
Business Insurance, Flood Insurance Blog, Homeowners Insurance, Hurricane Preparedness Tips, Insurance Tips
Why Protect Your Panhandle Home from Floods? Prepare for Florida Panhandle hurricane floods Worried about hurricane floods ruining your Florida Panhandle home? You’re not alone—Hurricane Michael (2018) caused $25 billion in damages, flooding Bay County, and Helene (2024) hit hard. FEMA says one inch of floodwater can cost $25,000, but mitigation saves thousands.As a family-owned agency in Fort Walton Beach, Term Brokers Insurance helps Panhandle families stay safe. Our guide shares 10 easy steps to
Introduction: Is Your Florida Home Ready for the Next Big Storm? Hurricane Milton’s devastating floods in 2024 left thousands of Florida homeowners grappling with millions in uninsured losses. From Tampa’s overwhelmed drainage systems to Orlando’s inland flooding, the message is clear: floods don’t discriminate by zip code. In Florida, where 1 in 5 homes faces a flood risk each year, flood insurance isn’t just a luxury—it’s a necessity. In this first part of our three-part
Michael McDonald
Business Insurance, Flood Insurance Blog, Homeowners Insurance, Hurricane Preparedness Tips, Insurance Tips
Living in Florida, you’re aware of the constant threat of floods. Part 1 of this series explained why – the state’s low elevation, proximity to water, and frequent severe weather make most areas susceptible to 100-year flood events. Part 2 covered key concepts like Base Flood Elevation (BFE), freeboard, and elevation certificates. Now, let’s explore the flood insurance options that are available to you. National Flood Insurance Program (NFIP): The Main Course Most Florida property