3 Reasons to have Fire Insurance for your business

9/16/2020 (Permalink)

SERVPRO Midtown Memphis

Three reasons you may want to consider

When you have a business in Memphis Tn, it is important to have fire insurance policy. This type of insurance may prove beneficial in several ways after an emergency. Here are three reasons you may want to consider.

1. Insurance May Cover Restoration Costs

In many cases, a fire restoration at a place of business can include a number of costs for both structural repairs, fire cleanup, content cleaning, document restoration, and any additional services that might be recovered. That can be a lot of services you may not have initially realized may be necessary. Commercial insurance takes these types of repairs into account and may include them under your plan.

2. Insurance May Recommend a Restoration Service

Another important aspect of fire insurance is the fact that in many cases they have preferred restoration service vendors they live to work with. These are usually certified professionals who may have a number of tools that allow them to communicate and work with your insurance provider. This means you won’t have to waste time looking for a trusted team, as your insurance agent may already have their number on file.

3. Insurance May Cover Secondary Damages

If your policy includes secondary damage coverage you may find that the cost of some unexpected repairs may be covered. Secondary damages are damages that occur as a result of the initial problem. For example, the need for a smoke cleanup, or water damage repairs could occur after a fire. 

Maintaining a fire insurance policy for your business can be a good idea for a number of reasons. A fire policy may be able to cover a number of costs associated with cleanup and repairs, including the services of a restoration crew. Your insurance provider may even recommend a specific team for you to work with. Additionally, depending on your policy, secondary damages may also be covered which can help with unexpected damages.