Recent hurricane aftermath reports show how flood risks are an increasing threat to high-rise commercial properties, especially during rainy seasons. With unpredictable weather becoming more frequent, commercial real estate property managers must adopt new strategies to safeguard their investments. Traditional flood insurance focuses on post-damage restoration, but smart IoT (Internet of Things) technology enables proactive flood prevention and mitigation, an essential component in most modern commercial insurance programs.
This shift from recovery to prevention gives property managers greater control over flood risks through real-time data and automated responses. Additionally, proactive risk management via IoT can reduce commercial insurance premiums, enhancing protection and financial stability.