Flood Insurance
Private Flood Insurance solutions for property owners
A simplified option to the NFIP
Private flood insurance may offer an attractive option to your eligible clients. Designed for both residential properties in higher-risk and coastal areas where mandatory flood insurance purchase requirements apply and residential properties in lower-risk, non-mandatory flood zones.
Program Highlights
- Streamlined with only 12 underwriting questions
- No elevation certificate or photographs required
- Accepted by over 3,000 lenders*
- No waiting period**
- Coverage for catastrophic ground collapse
- Optional Additional Living Expenses (ALE), food spoilage and swimming pool clean-up coverage
Excess Flood
Flood insurance coverage above the National Flood Insurance Program (NFIP) policy limits
The National Flood Insurance Program limits coverage on residential buildings to $250,000, but 50% of the homes in the U.S. are worth over $408,000. Your clients with high-valued homes may want additional coverage in the event of a catastrophic flood.
The Excess Flood solution enables you to offer higher limits of flood coverage to your clients, so that in the event of a superstorm, your client is better situated to be able to recover more.
Program Highlights
- Coverage up to $5MM (building and contents combined) for structures with replacement cost value up to $15MM
- Available in all states except AK, DC, and KY
- We offer coverage for all residential risks except condominiums
Eligible Risks
- Residential properties
- Commercial properties
Ineligible Risks
- Buildings in COBRA zones
- Buildings in Emergency Program
- Non-residential contents
- Contents coverage without building coverage
- Residential Condominium Building Association Policies (RCBAP) and single condo units
- Risks with total replacement cost/actual cash value greater than $15MM
Commercial Flood Insurance
Custom Commercial Private Flood Insurance Solutions
Our Carriers offers brokers and clients custom solutions for private flood insurance, innovative technology and analytics, competitive rates, easy in-house underwriting, and exceptional carriers dedicated to helping clients protect their commercial properties.
Program Highlights
- Ability to write multiple properties on one policy
- Lender Compliant
- Building and contents coverage
- Replacement cost benefits
- Optional coverage for loss of rents and business income
- Ability to write in Non-Participating Communities and CBRA zones
Eligibility
- All 50 states
- Commercial properties