private flood insurance

HIGHER LIMITS

NO WAITING PERIOD

NO WAITING PERIOD

Homeowners policies can be increased over 250K
Business properties can have limits that exceed 500K
- Without needing an excess flood policy

NO WAITING PERIOD

NO WAITING PERIOD

NO WAITING PERIOD

With private flood insurance, a waiting period is up to the discretion of the issuing company.
Many companies require no waiting period to enter their flood program.

SPECIAL BENEFITS

NO WAITING PERIOD

LESS RISK SHARING

Private flood insurance can offer:
- Business Income
- Ordinance or Law
- Replacement Cost
These benefits are not available through the NFIP.

LESS RISK SHARING

LESS RISK SHARING

LESS RISK SHARING

Private markets can limit exposure by:
- limiting underwriting for certain areas.
- Limiting underwriting for certain risks.
- They can alter the terms of a policy to accurately reflect the risk and pricing.

LENDER COMPLIANT

LESS RISK SHARING

COMPETITIVE RATES

Many private flood companies offer coverages that mirror the NFIP's standard coverages with the option to add on additional coverages or raise limits.
This means the private flood programs can also be accepted by lenders.

COMPETITIVE RATES

LESS RISK SHARING

COMPETITIVE RATES

Because private markets are not required to accept all risks, they can be more selective of who they insure.
By choosing to insure properties with a desirable amount of risk, this means they can control the amount of risk they take on.
This lowers the amount of claims they will have to pay out. Those savings can be reflected in lower rates for their customers.