Flood Insurance

According to Insurance Journal, in 2018 Insurers reported direct private flood insurance premiums written of $630 million, an increase of $217 million over 2016.

Floods are the #1 natural disaster in the U.S. and our flood program offers both protection and savings for residential and commercial property targeting all A and VE flood zones. Cross-sell our Private Flood Program alongside your property policies and generate more business today! 

Coverage details or features:

• Ability to schedule multiple buildings and properties in one policy
• Additional Living Expense available
• Building limits available up to $5M
• No additional charge for increased Cost of Compliance (ICC)
• Lender approved and compliant with Biggert-Waters Act of 2012

NEEE provides waiting periods of 7 days for coastal locations and 14 days for inland risks. 

Common questions about Private Flood Insurance: 

When do you require an elevation certificate? 

• Our program requires an elevation certificate for risks that are Pre-FIRM
• Pre-FIRM is any building constructed prior to 12/31/1974 or before the effective date of an initial Flood Insurance Rate Map (FIRM) for a community
• Post-FIRM applies to new construction and those built after the effective date of the first FIRM for a community

What additional coverages does your program offer that NFIP doesn’t have? What makes yours better?

• Our program includes options such as:
  • Loss of use/Additional Living Expense on Primary Residential Homes
  • Lava Flow Endorsement
  • Improvements & Betterments Endorsement

Can your program list multiple buildings in one policy, or are they quoted on an individual basis?

• Our program does allow for multiple properties to be listed on a single Master Policy providing they're owned by the same legal entity 
• Our Dedicated Underwriters can help you take multiple single policies and organize them together onto one policy (including those with different effective dates)
  
  • Buildings in at Master Policy must be located within the same state
  • A Master Policy for residential buildings must only include like buildings 

 Related blog posts: Five Reasons to Add Flood Insurance