Many people believe flood insurance to be a waste of money. Your property is covered under the property coverage portion of your policy right? If your building floods or if water gets in and damages some equipment the property coverage kicks in right? Wrong.
One of the major exclusions in property coverage is flooding. The only way you have coverage against flooding is if you have flood insurance.
Do not be fooled just because your business is not listed as a flood zone. With enough rain, or a drastic amount of snow quickly melting can cause your business to flood. Can you repair your building, clean up the water damage, and replace any damaged property with your own resources?