Through our Insurmark CAT 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.
Program Features
- Commercial locations
- Commercial and Residential locations in Non-Participating Communities and CBRA zones
- Ability to write multiple properties on one policy
- Replacement Cost coverage included
- Limits up to $40,000,000 may be available
- No NFIP surcharge of fees or 30 day waiting period
- NFIP Guarantee Endorsement
- Building only or Building and Contents coverage available
- Business Income coverage available
- Available in 50 states
Program Details
Applications
Deductible Buy-Back
This program mitigates first-dollar property loss exposure for commercial property owners who carry high wind and hail deductibles.
Program Features
- Available Deductible Buy-Back options for coastal and inland commercial risks
- $1 million maximum limit for any one Wind/Hail catastrophic occurrence
- Maximum Total Insured Value (TIV) of $15 million per risk
- Minimum attachment point, $5,000 per occurrence
- Larger TIVs may be reviewed upon request
Program Details
Applications
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.
Program Features
- Residential and Commercial properties
- Replacement Cost or Actual Cash Value
- Building, Contents, and Business Income coverage available
- Contents coverage on a standalone basis available
- In-House Authority- up to $15 million in coverage, Maximum TIV of $25 million.
- Available in 50 states
Program Details
Applications
Mini Wind
Unique in the industry, Insurmark CAT’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.
Program Features
- Up to $5 million for any single occurrence
- Eligible risks up to $25 million in value
- Replacement cost wind/hail insurance without insurance to value
- Residential coverage provided on modified homeowner’s form with combined limits of coverage A, B, C and D
- Commercial coverage for Building with available Contents and Business Income coverage
- Available in 50 states
Program Details
Applications
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. Excess Flood offers coverage above the NFIP policy limits.
Program Features
- Easy online quoting
- No elevation certificate or photographs required
- Customized coverage limits and deductible options
- No waiting period when purchased during loan closing; otherwise there is a 15-day waiting period
Visit Aon Edge Website
Program Details
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.
Program Features
- Simplified underwriting process
- Total insurable values up to $50,000,000
- $10,000 minimum deductible per building
- Coverage on Building and Association Personal Property
- NFIP Guarantee Endorsement
Program Details
Applications