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Excess Flood 

Severe flooding can lead to damages that surpass the coverage limits of a standard flood insurance policy. If the estimated cost to rebuild exceeds these limits, it's essential to secure an Excess Flood Insurance policy. This ensures that adequate funds are available to fully repair your home or business

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Eligible Properties

  • Residential Dwelling (1-4 Family)

  • Apartments, Multi-Family

  • Condominiums

  • Commercial properties

Limits Available Per Occurrence

  • $15,000,000 all coverages combined (higher limits available on a submit for rating basis)

Coverages Available

  • Real Property

  • Contents - household or business contents

  • Loss of Income - net business income or loss of rent

Minimum Earned Premiums: (Greater Of)

  • Residential Dwellings (Primary and Secondary): $500 or 50% of
    Gross Written Premium

  • Apartments, Condos, Commercial Properties: $1,000 or 50% of Gross Written Premium

Exclusions

  • Properties built on stilts over water

  • Mobile, Manufactured and prefabricated buildings

  • Soft costs in respect of construction risks

  • Medical Equipment

  • Food stuffs and perishable goods

  • Contents not covered under an NFIP Policy located in basements

  • Coastal Barrier Resource Act (CBRA Zones) or Non-NFIP Participating communities

Submit for Rating

  • Properties with Negative Elevations

  • Contents and/or Loss of Income Only risks

  • Properties located in V zones

  • Building with TIV in excess of $50 Million all
    coverages combined

  • Construction risks over 15 months

  • Risks where contents and/or business income
    values exceeds 50% of the TIV

  • Risks with any prior flood losses

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