Divvying Up the Responsibility for Flooding When You Rent
One great thing about renting your business space is that your responsibility for your building is limited. The actual owner of the building in Chattanooga, TN is responsible for maintenance and upkeep. Therefore, if you encounter a flood in your place of business, that’s not your problem, right?
The actual answer is yes and no. It is the owners’ responsibility to take care of any damage done to the building, meaning they’ll be the ones who need to call in the clean-up and restoration crew. However, any damaged property belonging to your business is your problem. That means you could be out of luck when it comes to:
• Computers and other technology
• Furniture and décor
• Data loss (paper and digital)
Your insurance will help with some of these issues, but renter’s insurance is often the most valuable in a scenario such as this one.
As insurance coverage goes, renter’s insurance is potentially the cheapest addition you could make to your overall plan. With some companies offering this form of insurance for as low as $20 each month, it’s a miniscule expense that could save your business from ruin in the event of a disaster in your rented space.
While some might deem this form of insurance to be unnecessary, renter’s coverage is extremely thorough, especially considering its low cost. If your belongings are destroyed by a fire, flood or other covered event, you often can either have the item replaced or be fully reimbursed for its value so you can replace it yourself.
A Wide Range of Threats
Of course, it’s not just flooding that’s covered by renter’s insurance. It also includes fires, theft, structural damage and any other issue that might result in the loss of your valuable business assets while you’re in your rented office space.
You may not need to pay for restoration services after a flood in Chattanooga, TN but paying to restore all of your damaged equipment can be a huge strain on your business. Renter’s coverage offer valuable protection, regardless of what type of business you’re running in the rented space. Visit http://www.SERVPROofsouthchattanooga.com for more information on commercial storm damage.