When Nature Strikes. Carmen's Office Building and the Battle against a Hurricane

Picture this: Carmen owns a small office building in a bustling coastal city. She is the landlord to multiple tenants. Her income is dependent on their rent. One day, a powerful hurricane began brewing in the Atlantic Ocean, with its path set directly for the coastal city.

Unfortunately, the hurricane hit as a Category 3, and the office was severely damaged. Hurricane force winds caused extensive damage to the roof and many windows. Wind driven rain caused flooding and water damage. The HVAC system also suffered damage. All the damage made the office uninhabitable, and all her tenants had to temporarily stop providing services while the building was repaired.

Thankfully, Carmen had worked with her insurance agent to help her navigate getting wind insurance for her building. Wind coverage helped repair the damages to the building, and Business income (BI) insurance helped mitigate lost profit during the rebuild. This made it so Carmen could afford the ongoing operating costs of her building.

Without wind insurance, the financial burden would have fallen on Carmen's shoulders, potentially causing significant strain. 

To learn more about how ICAT's Wind policies for office buildings can provide crucial financial protection, visit www.icat.com/Occupancies/Offices .

The above scenario is strictly documented for illustrative purposes only and provides an example of what a policy could cover. It is intended to provide a general overview of the program described. Please remember only the insurance policy can give actual terms, coverage, amounts, conditions and exclusions. Program availability and coverage are subject to individual underwriting criteria.