Flood Insurance

Designed to provide Primary Flood Insurance to protect client assets and mortgagee’s collateral, these two programs – Preferred Primary and National Flood Insurance Program – cover both residential and commercial properties.
 

Insurance Company

  • National Flood Insurance Company (NFIP)
  • Certain Underwriters at Lloyd’s (Available in Select States)

Coverage

  • Building & Contents

Territory

  • United States, Puerto Rico, Guam

Eligible Properties

  • Commercial
  • Non-residential
  • Residential –
  • Single Family Dwelling
  • 2 – 4 Family Dwelling
  • Other Residential
  • Apartments, Hotels, Motels
  • Condominium Association (RCBAP)
  • Manufactured Home/Building

Maximum Insured

  • NFIP Building - Residential $250,000 | Commercial $500,000
  • NFIP Contents - Residential $100,000 | Commercial $500,000
  • Preferred Building - Residential $250,000 | Commercial $500,000
  • Preferred Contents - Residential $100,000
  • Preferred Maximum TIV per location (any combination of real and personal property) -
    Residential $300,000 | Commercial $500,000

Deductible Range

  • Residential - $1,000-$5,000
  • Commercial - $1,000-$50,000

Form

  • NFIP: Dwelling Form, General Property Form & Residential Condominium Building Association Policy Form
  • Preferred: NFIP complaint

Premium

  • NFIP: NFIP regulated rates program
  • Preferred: 10% discount to NFIP annual premium for qualifying risks

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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