Category: Financial

Insurance companies always raise the rates after their customers file many claims. As a result, if you want to keep your flood insurance costs reasonably low, you’ll need to protect your building during every possible flood situation so that you won’t have to constantly file an insurance claim. The process of preventing flood damage isn’t tough, and you can structure a solid defense against flood waters by following a few practical steps.

Use a Practical Flood Warning System

By downloading a weather app, you’ll know when a major storm can cause flooding in your community. The big benefit is that weather apps provide alerts in advance so that users can prepare for a storm several days before the event happens.

Make Strategic Renovations

Renovations should be done if a building has vulnerable zones where flood waters could gain access. In order to find possible weak spots, you’ll need to hire a team that tests structural elements for walls, ceilings, and flooring in a commercial building. If any foundation component is wobbly or weak, strong flood waters could seep throughout the seams. The riskiest type of foundation is old paneling as it can easily snap in half when heavy flood water crashes against the brittle material.

Use Flood Defense Solutions

If you’re on a budget, you may be able to create a barrier around your business by using low-cost defensive solutions. For example, you can block low flood water before it reaches your building by arranging sandbags around the perimeter. In most communities, leaders provide free sandbags, so you could possibly use multiple sacks to build a protective wall on your landscape if the community has enough bags and sand for the project.

Flood insurance is a wise investment because it keeps a business stable following flood events. You can buy a solid flood insurance policy from a reputable insurance company. If you need an alternative insurance solution, consider working with a captive insurance broker.

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It came as a shock to many when Bitcoin fell lower than $7,000 as the price of many other leading digital currencies dropped. The world’s top cryptocurrency plummeted by 8%, standing at $6,782.64, as reported by to CoinDesk, an industry that monitor’s prices across multiple exchanges.

According to Mati Greenspan, a market analyst, this change was less linked to the recent fears of the emergence of a global trade war and more connected with traders reassessing assets in their portfolio and assigning them fixed values.

How people manage their portfolios has a lot to do with the drop of cryptocurrencies in the stock markets particularly in the past few weeks. This occurs as more brokers are adding bitcoin thus creating more liquidity bridges.

Ethereum and Ripple which are the second & third largest cryptocurrencies respectively in the market both experienced significant drops at the end of last month. Ethereum dropped over 9% to $375.31 whereas Ripple went down over 10% to 50 cents.

Fears of a Trade war

China allocated new tariffs on 106 American products the same day Bitcoin, and other cryptocurrencies dropped— a move that scared investors and also triggered fears of an impending trade war.

And there’s reason for Bitcoin merchant account holders to worry because Cryptocurrencies, e.g., Bitcoin, are decentralized and not supported by governments which makes them exceptionally volatile assets. Now investors are taking off to safer investments and leaving cryptocurrencies in a bid to seek protection.

The possibility of a trade war has brought in fear, and now markets will operate during certain periods based on exogenous factors.

In conclusion

Most of us didn’t see Bitcoin suffer in 2018’s first quarter. But contrary to many peoples’ expectations, it has had the worst start to a year for the first time, dropping almost 48 percent. These results are disappointing keeping in mind that the cryptocurrency hit an unprecedented high— nearly $20,000— in December.

Author Bio: Electronic payments expert Blair Thomas co-founded eMerchantBroker, America’s leading Bitcoin merchant Account provider serving both traditional and high-risk merchants. His passions include producing music, and traveling to far off exotic places. 

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