Commercial Flood

London Underwriters offers Commercial Flood programs available through Neptune Flood, NFIP and Dual. Our programs offer both primary and excess flood coverage.

  • Admitted & Non-Admitted

  • Programs Available: Neptune Flood, Dual and NFIP

Dual Guidelines: NFIP Program


You can submit risks for Dual for one of our Underwriters to assist you. Dual's Flood Program is specifically designed for Commercial and Commercial Real Estate Buildings. Their programs include: NFIP, Private Primary Flood and Excess Flood.

  • Carrier A.M. Best Rating: “A”
  • Excess Flood
  • Private Primary Flood
  • NFIP
Coverage Available:
  • Buildings (Commercial & Condominiums)
  • Contents (Business Contents)
  • Loss of Income (Net Business Income or Loss of Rents)
Limits of Liability:
  • Commercial: $500,000
  • Condominium: $250,000 x No. of Units
Contents:
  • Commercial: $500,000
Deductibles:
  • Range: $1,250 to $25,000




Dual Guidelines: Primary Flood Program


You can submit risks for dual for one of our Underwriters to assist you. Dual's Flood Program is specifically designed for Commercial and Commercial Real Estate Buildings. Their programs include: NFIP, Private Primary Flood and Excess Flood.

  • Carrier A.M. Best Rating: “A”
  • Excess Flood
  • Private Primary Flood

Limits of Liability:
  • Building & Contents: $5M combined on any one building
  • Business Income: $2,500,000
Eligible Properties:
  • Commercial Properties
  • Apartments
  • Multi-Family Condominiums
Minimum Deductible:
  • $2,000 per occurrence for Buildings
  • $2,000 per occurrence for Contents
Waiting Period:
  • No waiting period in respect to loan closing
  • 7 day waiting period for coastal (Tier 1 & 2) risks
  • 14 day waiting period for inland risks
Program Benefits:
  • Replacement Cost coverage for building & contents
  • No Elevation Certificate (EC) is required but some locations may require EC to bind coverage
  • Ability to schedule multiple locations into one policy
  • Loss of income/loss of rents coverage
  • Improvements & Betterments additional limits
  • Policy wording meets lender compliance




Dual Guidelines: Excess Flood Program


You can submit risks for dual for one of our Underwriters to assist you. Dual's Flood Program is specifically designed for Commercial and Commercial Real Estate Buildings. Their programs include: NFIP, Private Primary Flood and Excess Flood.

  • Carrier A.M. Best Rating: “A”
  • Excess Flood
  • Private Primary Flood
Limits Available/Per Occurrence:
  • $20 Million Over All Interest Per Risk
  • Additional Limits Available Upon Request
Building, Contents, Loss of Income:
  • $20 Million Condo Building
  • $10 Million Earthquake When Purchased with Excess Flood




Neptune Flood Guidelines: Commercial Flood


BuildingCoverage: $2,000,000 Contents Coverage: $500,000 Additional Coverage: Yes! Business Interruption up to $25,000 Elevation Certificate (EC): No Waiting Period: No wait on realestate closingotherwise 10 days. Download Guideliness





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