Before the Next Storm: The Coverage Gaps Carolina Businesses and Community Associations Often Overlook

Short summary

Carolina businesses and community associations face costly insurance coverage gaps exposed by recent storms like Helene. Common issues include wind-only policies that exclude flood, business interruption coverage with restrictive triggers and waiting periods, and community association master policies that leave gaps between structure and interior coverage. The article urges proactive policy audits before the next storm season.

• •Wind damage is typically covered but flood requires separate NFIP or private policies most properties lack
• •Business interruption and civil authority coverage triggers are often misunderstood until a claim is filed
• •Community association master policies frequently leave gaps between structural and interior unit coverage

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