Flood

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

Email newbusiness@londonuw.com for a quote.

  • Residential & Commercial Flood

  • Primary & Excess Available

  • Programs Available: Neptune Flood, Dual, and NFIP

Residential Flood

Neptune Flood Guidelines


Our appointed agents have the ability to quote and bind directly online via Neptune Flood. Below are some of the underwriting & eligibility guidelines for your review:

  • Coverage A - Building: Up to $2,000,000
  • Coverage B - Personal Property: Up to $500,000
  • Coverage F - Basement Contents: 75% of limit, up to $10k
  • Coverage G - Pool Repair and Refill: Up to $10,000
  • Coverage H - Unattached Structures: Up to $50,000
  • Coverage I - Temporary Living Expense: 75% of limit, up to $10k
Deductibles
  • Deductibles: $1,000 - $50,000
  • Minimum Premiums:
    • Homes $350
    • Condos and Tenant $250
Property Eligibility
  • 1-4 family dwellings, including condos for unit owners
  • Any occupancy, including seasonal, secondary and vacant
  • States: AL, AZ, CA, CO, CT, DE, FL, GA, HI, IA, IN, KS, MA, MD, ME, MI, MN, MO, MS, NC, NE, NH, NJ, NM, NV, OH, OK, OR, PA, RI, SC, TN, TX, VA, WA, WI, WV
Ineligible Risks
  • Properties with >1 loss OR 1 loss > $25k
  • Manufactured or Mobile Homes
  • A building located entirely in, on, or over water
  • Grandfathered or CBRA properties




Dual Guidelines: NFIP Program


  • Carrier A.M. Best Rating: “A”
  • Excess Flood
  • Private Primary Flood
  • NFIP
Coverage Available:
  • Residential Buildings
  • Contents
  • Loss of Income (Loss of Rents)
Limits of Liability
  • Residential: $250,000
Contents
  • Residential: $100,000
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 Residential Properties. 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
Eligible Properties:
  • Primary & Secondary Residential
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:
  • Competitive against NFIP pricing
  • 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


  • 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





Commercial Flood

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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How to Sell Flood

Neptune vs. NFIP

Neptune Appetite Guide

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