Mississippi River Flooding: Insurance Can Help Cover Cost to Rebuild

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As flood waters successively threaten communities along the Mississippi River, the residents are quite appropriately absorbed with efforts to save lives and minimize damage to homes, businesses, and lives. But, eventually the flood waters will recede, and business owners will turn their attention to how to repair and rebuild their businesses and recoup losses sustained.1

Depending on the circumstances and the insurance purchased, insurance contracts may help businesses cover losses from damaged buildings, vehicles, equipment, and other property. Businesses may also be able to recoup lost profits caused by an interruption of their business due to: property flooding, an inability of people or materials to reach a business, or damage to key suppliers or customers.

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Published In: General Business Updates, Insurance Updates, Personal Injury Updates, Commercial Real Estate Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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