Excess Flood Insurance

InsurmarkCAT is authorized to write this coverage in excess of NFIP or other primary flood coverage for properties whose values exceed NFIP protection limits or primary flood coverage limits. This program features the Floodwatchonline Preferred Rating Program, our online system to help agents and brokers deliver excess flood clients instant pricing indicators.
 

Maximum Insured

  • $15 million all interests per risk: building, contents & loss of income

Coverage Available

  • Building, contents & loss of income
  • Contents coverage available on standalone basis
  • Replacement cost or actual cash value

Premium and Fees

All policies are subjected to a minimum earned premium that is the greater of:

  • $500 for residential property/$1,000 for commercial property, OR
  • 75% of gross written premium

Territory

  • United States

 

Eligible Property

  • Residential dwellings (1-4 family)
  • Apartments and condominiums
  • Commercial properties

Coverage Conditions

Minimum retention limits:

  • Building- Residential $250,000 | Commercial $500,000
  • Contents- Residential $100,000 | Commercial $500,000
  • Loss of income/rent: 10% or 30 days, whichever is greater

 

Exclusions

Coverage is not currently available for properties in Florida Keys; Padre Island, TX;
Sacramento,

CA; Chesterfield, MO; Devils Lake, ND; and by levees along Trinity River in Dallas, TX.

Policies underwritten and issued by Insurmark, a Managing General Underwriter. All carriers rated A.M. Best "A."
This information provides only a general description of the coverage afforded in the policies offered and should not be considered as altering the insuring agreement, terms, conditions, exclusions and endorsements of the policy itself. Please read the provisions contained in the actual policies and discuss them with your insurance professional.
Insurance is a division of Financial and Professional Risk Solution, Inc.

 

 

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