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Do You Own A Business In The New Orleans Area? Is Your Business Insurance Covering Wind And Hail Damage?

February 14th, 2010 - By

I have a small business in New Orleans. I got a letter from Allstate tthat when I renew my business policy in October, they will not longer be covering any damages from windstorms or hail. That is real depresing. Has anyone else gotten any notice of this? If we have another hurricane, this policy change will essentially put the city out of business. Small businesses wil not be able to recover from that type of loss as many of us already have SBA loans from Katrina. I plan on contacting the insurance commissioner. Please feel free to email me if you have gotten notice that your insurance company will do this. If we all contact the insurance commissioner together, maybe we will be heard.