We are proud to serve the insurance needs of our neighbors in Addison, TX and continue to search for new and convenient ways to accomplish that goal. Whether for personal or business insurance, we work to find you the best value for every insurance dollar you spend. Our online comparative quote feature for personal auto and homeowners insurance is evidence of that. You can now compare quotes from different companies right online from our website. We invite you to see if it can save you money.
For commercial interests in Addison, TX, business insurance provides a significant layer of protection from a variety of perils. However, business insurance in our state does have some exclusions you should be aware of. What are some of the exclusions of commercial insurance in Addison, TX? Let’s take a look.
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Damage from floods. While some business insurance policies in the state include flood coverage, most do not. Flood insurance is available from the Federal National Flood Insurance Program (NFIP), and your agent can assist you in gaining coverage.
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Earth Movement. This would include earthquakes.
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War and Terrorism. Insurance companies have long excluded acts of war from insurance coverage, and since 2001, acts of terrorism have also been included.
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Nuclear Disaster. Aside from war, nuclear disaster from accidents may be excluded in your Addison, TX business insurance policy.
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Insect and Vermin Damage. Check your policy closely. You may find that damage from bugs and mice is not included.
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Wear and Tear. Of course damage from normal wear and tear will likely not be included under your commercial policy.
In addition, wind damage in coastal counties in Texas is widely excluded.
The time to discover these exclusions is before a potential claim. Contact your Addison, TX business insurance agent to verify the coverage and take the first step in knowing what you don’t know. If you would like a comprehensive business insurance review, we invite you to contact us.