Private Flood

Product Highlights

  • Carriers Rated “A -” or better by AM Best
  • Competitive with NFIP pricing
  • No elevation certificate required to bind coverage for pre-FIRM risks
  • Non-admitted in all 50 states
  • Quote, bind, and issue through online rater
  • Residential and Commercial
  • Up to $5M limit can be quoted online
  • Business Income available

Submissions

No files Attached

Minimum Deductible

  • $2,500 per occurrence for buildings
  • $2,500 per occurrence for contents

Limits of Liability

  • Combined building & contents limit up to $5M
  • Business Income: $500,000

Product Benefits

  • Ability to schedule multiple locations into one policy
  • Loss of income/loss of rents coverage
  • Replacement cost coverage for building and contents
  • Policy wording meets lender compliance

Eligible Properties

  • Primary & secondary residential
  • Commercial properties
  • Apartments, multi-family
  • Condominiums

Waiting Period

  • No waiting period in respect to loan closing
  • 7 day waiting period for coastal (tier 1 & 2) risks
  • 14 day waiting period for inland risks