Water from car park overflows into shop areas on the first three floors.
Who can anticipate that you will be hit by flood water when you are not even on the ground floor. As it is many shop owners lost thousands of dollars to flood water at People's Park Complex when rainwater overflowed into the complex from the carpark flooding the upper level of the complex and leaking into shops on the ground floor.
With such a torrential downpour, damages are catastrophic. We are expecting millions of dollars being destroyed in one afternoon.
Goods are damaged, business premises are soaked and needs cleaning up, and business downtime. The consequent of this event resulted in the loss of profit, additional cost, and expenses to replenish new stocks, renovation, or make good the shop space.
For such an event, property all risk insurance will pay for these losses. The policy covers flood, damage to stocks, property and it's content, business Interruption, electronic equipment, machinery breakdown, plate glass, money.