A flood can strike without warning. The rushing water can destroy buildings, equipment, and merchandise. The scariest facts are that …

  • 90% of all natural disasters involve flooding,
  • 1 in 4 businesses that shut down due to natural disaster never reopen,
  • MOST commercial insurance policies do NOT cover flooding.

Flood insurance provides protection for destruction and financial devastation caused by water. Although it may not seem like much, even a few inches of water can cause serious damage; resulting in thousands of dollars in repair and restoration costs. Flood insurance can even cover surface water damage, something not included in most property insurance plans.

Most commercial insurance policies do not cover floods … and people usually don’t find that out until it’s too late. Purchasing a flood insurance policy through Onmarket Insurance Associates will give you the protection you need.

Any questions?

How much in damages will be covered with this type of insurance policy?
Basic building coverage pays up to $500,000, the maximum federal flood policy limit, to repair or replace your building and its foundation, electrical and plumbing systems, central air conditioning, furnaces and water heaters, and installed improvements.

What if I would like to have a bit more coverage, can I extend this policy?
Excess Flood coverage goes beyond a Standard Flood policy, extending your limits beyond the $500,000 typically available. However, to be eligible to buy an Excess Flood policy, there are two conditions that must be met:

  • Your Standard Flood Insurance policy must be provided by the National Flood Insurance Program (NFIP).
  • Your property must be insured for the maximum limits available under a standard flood policy.

Does a Standard Flood Policy Cover any type of water damage, or does it need to be a specific incident?
Flood coverage offers protection against losses that result from heavy and lengthy rain falls, storm surges, blocked storm drainage systems, snow melts, surface water, and more.

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