Through our InsurmarkCAT division, we offer highly effective catastrophe insurance solutions for agents, brokers and the clients they represent. Our expertise in underwriting risk and reputation for leading customer service – combined with the trusted partnerships we have earned with our carriers – gives us the flexibility and products to respond to our clients faster than a typical agency.
Commercial Flood Insurance
Ongoing legislative changes to the National Flood Insurance Program have led to rate increases, removal of subsidies, and mandatory surcharges. For small to medium commercial risks, our Primary Flood Insurance program offers a viable alternative solution to the NFIP. Our ability to write multiple buildings on one policy, at replacement cost, is just one of the differentiators of our private flood offering.
Commercial Flood Insurance Program Features
Private Residential Flood Insurance
Aon Edge private flood insurance, 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.
Private Residential Flood Insurance Program Features
Excess Flood Insurance
Insurmark has been successful in writing flood coverage in excess of NFIP or other primary flood coverage for properties whose values exceed NFIP protection limits or primary flood coverage limits. With inhouse underwriting authority, we provide efficiency, premium savings and added value to your client relationships.
Excess Flood Insurance Program Features
Residential Condominium Building Association Policy (RCBAP)
Our Residential Condominium Building Association Policy offers competitive rates on Building and Association Personal Property located in A or V zones. Designed for building three stories or higher, this policy is an alternative to the NFIP and is not subject to NFIP increases and fees.
RCBAP Program Features
Mini Wind
Unique in the industry, InsurmarkCAT’s Mini-Wind policy delivers replacement cost coverage without the necessity of insuring value. Mini-Wind provides wind and hail coverage for residential and small commercial properties in the United States where primary insurance carriers have removed wind coverage from their policies.
Mini Wind Program Features
Deductible Buy-Back
This program mitigates first-dollar property loss exposure for property owners who carry high-deductible property coverage. We offer several Deductible Buy-Back options for areas at risk of earthquake, wind/hail, flood, and AOP (all other perils). We also offer a specific inland Deductible Buy-Back program for areas at risk of hail and wind damage.
Deductible Buy-Back Program Features