Have You Got The Right Water Damage Insurance For Your Boynton Beach Laundromat?
Water Damage Insurance
As far as water damage risks go, laundromats are an obvious candidate for damage. So many washers in one place mean a lot of potential flood risks right on site. It only takes one faulty machine or a dodgy bit of plumbing to cause a mini flood and leave your Boynton Beach laundry business high and dry.
SERVPRO recommends all Boynton Beach laundromat owners to check their insurance policy is up to date and provides adequate coverage in the event of water damage. It is quite common for a business to close its doors during cleaning. Shut doors are bad news for business owners, as a closed company cannot invite in customers or turn a profit. You need to know your insurance has you covered.
Checking the extent of your insurance coverage is important. Some laundromat policies only cover the cost of replacing washer/dryers, but the cost of water damage is often much higher than the price of the equipment alone. You need to consider floors, floor coverings, walls, any paperwork that gets ruined, and of course lost earnings. Make sure your insurance is adequate for all those costs.
Some laundromats offer a staffed folding or drying service, too. In cases where there is staff on the premises, the business owner must include worker’s comp in their insurance. Also, in cases where customers leave their clothes in your care, you must make sure you have adequate coverage for if water damage affects their clothing and they claim against you.
Check your lease carefully. Insurance requirements and details of who is responsible in the event of a leak are often written into your lease. You should always have an attorney review your lease since legal terminology can be difficult to interpret.
SERVPRO equips our IIRC-certified technicians with pumps and extraction tools to quickly remove water from your premises, and air movers and dehumidifiers to dry it out. We also take care of water deodorization after cleanup. Our staff can also liaise with your insurance providers and help you provide accurate paperwork for them.
We recommend all businesses try our Emergency Ready Plan – the app makes it easy to plan for disaster and makes getting help quicker and easier. For help with water problems in Boynton Beach and the surrounding areas, call SERVPRO of Boynton beach at (561) 413-9754 today.
To learn more about Boynton Beach visit http://www.boynton-beach.org/.