AUSTIN, Texas – Like everyone else, business owners need to prepare for potential disasters, and buying a policy from the National Flood Insurance Program (NFIP) is a great place to begin those preparations.
Business owners can purchase up to $500,000 in coverage for buildings and up to $500,000 for business content coverage through the NFIP. Direct physical damage to a building, such as foundations, pumping systems and water heaters, or contents, such as furniture and fixtures, from a flood is covered by the policy.
Building and content coverage is based on the cost to replace an insured item at the time of loss, less the value of its depreciation.
For more information about an NFIP policy for a business, call 800-427-4661 or your insurance agent and visit https://www.fema.gov/national-flood-insurance-program.
For additional information on Hurricane Harvey and Texas recovery, visit the Hurricane Harvey disaster web page at www.fema.gov/disaster/4332, Facebook at www.facebook.com/FEMAharvey, the FEMA Region 6 Twitter account at www.twitter.com/FEMARegion6 or the Texas Division of Emergency Management website at https://www.tdem.texas.gov.