Flood Response Needs for Renters

7/10/2019 (Permalink)

If you rent office space for your company, it’s important to be aware of what responsibilities you have in the event of a disaster and what the property’s insurance will cover. You can purchase renter’s insurance, but if a flood occurs in your part of the building, there are certain aspects that you need to take care of yourself and others that the property owner will handle.

Why Purchase the Insurance?

One of the benefits of renting instead of owning a building or workspace for your Chesterfield, MO
company is that you don’t need to spend money on insurance to cover the structure. However, if you want financial reimbursement for damage to or theft of other items, you need renter’s insurance. It will cover the following:

• Office furniture
• Computer equipment and other electronics
• Personal keepsakes
• Decorative materials

What About a Flood?

If water damage occurs on the premises, it will fall under the property owner and his or her insurance coverage to pay for repairs and restoration. Any structural damage (interior or exterior) should be the owner’s concern. You won’t have to worry about calling a flood restoration company to handle any cleanup to the walls, ceiling, floors, plumbing or HVAC.

Limitations

It’s vital for you to understand that your basic renter’s policy won’t cover damages to personal items from a flood. For peace of mind and financial security in this event, make sure you purchase separate flood coverage. When you have this insurance, you can receive payment for any loss of these items.

Take Action

Once you notice water issues at work, move personal items and equipment to a safe, secure place. Contact a cleanup team to handle issues such as content cleaning and electronics cleaning.

Renter’s insurance won’t protect your personal materials if a flood causes problems in your work area. Be prepared to act appropriately in the event of this emergency. Visit https://www.SERVPROsouthchesterfieldwildwood.com/ for more information on storm damage restoration.