Commercial Flood
Dual Guidelines: NFIP Program
You can submit risks for Dual for one of our Underwriters to assist you.
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Carrier A.M. Best Rating: “A” -
Excess Flood -
Private Primary Flood -
NFIP
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Buildings (Commercial & Condominiums) -
Contents (Business Contents) -
Loss of Income (Net Business Income or Loss of Rents)
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Commercial: $500,000 -
Condominium: $250,000 x No. of Units
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Commercial: $500,000
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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.
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Carrier A.M. Best Rating: “A” -
Excess Flood -
Private Primary Flood
Limits of Liability:
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Building & Contents: $5M combined on any one building -
Business Income: $2,500,000
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Commercial Properties -
Apartments -
Multi-Family Condominiums
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$2,000 per occurrence for Buildings -
$2,000 per occurrence for Contents
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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
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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
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Carrier A.M. Best Rating: “A” -
Excess Flood -
Private Primary Flood
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$20 Million Over All Interest Per Risk -
Additional Limits Available Upon Request
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$20 Million Condo Building -
$10 Million Earthquake When Purchased with Excess Flood
Neptune Flood Guidelines: Commercial Flood
BuildingCoverage: $2,000,000