Click to CallA leaking roof can cause extensive damage to your business. Moisture can lead to mold growth, a serious health hazard that may force you to temporarily close your doors. Slow leaks can also damage stored inventory, resulting in costly losses. Many business owners in Oklahoma City, OK, want to know whether their commercial insurance will help cover these issues.
Normal Wear and Tear
Whether your insurance policy will help depends on the cause of the leak. Some commercial policies provide coverage when the leak is caused by a covered peril, such as damage to shingles during a storm. However, most policies exclude losses related to normal wear and tear. If your roof is leaking simply because it is old or has not been maintained properly, the policy may not cover repair costs or resulting damage.
The Items Damaged
Many commercial policies provide coverage for certain types of damage. Structural damage and inventory losses are commonly included. If mold growth forces you to pause operations, a business interruption policy may help replace lost income. Some insurers only cover items essential to running the business, such as inventory, equipment, and building materials, and not structural components. Coverage for mold remediation varies by insurance provider.
Insurance companies offer different levels of coverage at different price points. The policy you currently have largely determines what will be covered if your roof begins leaking. It is important to speak with an agent at Vance Insurance Group LLC to review your policy details before a problem occurs.
The agents at Vance Insurance Group LLC will help you understand your coverage options and determine how much protection you have if your roof leaks. Contact us today to discuss your business insurance needs. We proudly serve the Oklahoma City, OK, area.
