Hurricane Matthew is raging up the coast of Florida this weekend. Meteorologists estimate the storm may rank among the top seven most devastating natural disasters to ever hit the state. With the hurricane’s impending approach, insurance and safety is foremost in the minds of those who are in the storm’s path.
Flood or storm damage from natural disasters can be ruinous, but many business owners are not aware that business property insurance typically excludes flood damage. Food truck owners and food trailer vendors should check their insurance policies for common water exclusions, including flood, waves, and tide. If your policy contains these exclusions, your business property may not be covered during a natural disaster such as Hurricane Matthew. FLIP general liability policies, for example, specifically excludes water damage.
It’s important to make sure you have flood insurance if you routinely park or store your food truck or trailer in a flood zone. To find out if you are in a flood zone, look up your location on a FEMA flood map here.
If you store or park your truck in a flood zone, be sure to have flood insurance and sign up for your policy before disaster hits. Have a plan in place to evacuate if necessary and create a contingency plan for your food truck business. FEMA has a wonderful checklist you can use to prepare your business for a natural disaster.
FLIP encourages all food truck owners and vendors to prepare ahead of time and purchase flood insurance. In addition, FLIP general liability policies can be purchased here.
For all of you impacted by this week’s storm, we are thinking of you here at FLIP. Please stay safe!
BY LYNDSEY LARSEN
Lyndsey Larsen is the Marketing Manager for FLIP and writes about business, marketing, entrepreneurship, and insurance.
Lyndsey Larsen is an experienced writer with a background in corporate communications and nonprofits, SAAS corporations, and nutraceutical companies. She has previously worked as a journalist for regional and national publications. In her spare time, she enjoys chasing butterflies, rockhounding, and spending time with her two kids in Utah’s mountains or deserts. Find Lyndsey on LinkedIn.