The counts vary, but it has been estimated 225,000 to 300,000 vehicles sustained flood damage as a result of Hurricane Sandy. What happened to those vehicles? In some case, unscrupulous opportunists bought them for pennies on the dollar. The vehicles were dried out, shined up and offered for resale for hundreds — sometimes thousands — less than the fair market value. Good deal? Maybe, if you don’t mind the vehicle’s mechanical, electrical or safety systems potentially (more like probably) failing at any time. Read More
The recent flooding in Colorado demonstrates the importance of being prepared. If your business includes boilers or electrical equipment, there are things you can do to minimize a loss from flood damage.
First, consult with an insurance professional to discuss the needs of your particular business before any loss occurs, concentrating on the “best practice” steps necessary to help you recover safely.