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#2261921 - 11/01/21 07:32 PM Content Coverage - Intangibles?
MLundy Offline
Junior Member
Joined: Sep 2020
Posts: 25
Hi there!

I believe I know the answer, but I have a customer who provides flood coverage for all net long term assets including their intangibles. I assumed flood insurance would not cover intangible assets in the event of a claim, so I don't include that value. Am I wrong? Can you confirm whether or not I should include intangible assets from the balance sheet when determining required coverage?

Thank you!

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Flood Compliance
#2261934 - 11/01/21 08:33 PM Re: Content Coverage - Intangibles? MLundy
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,219
Galveston, TX
Flood insurance covers physical items only. How can an intangible item flood?
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2261946 - 11/01/21 09:21 PM Re: Content Coverage - Intangibles? rlcarey
MLundy Offline
Junior Member
Joined: Sep 2020
Posts: 25
Exactly. Just second guessing myself like I do.....Thank you!!

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