Question 1

Neptune Flood Guidelines

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

Answer

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:

Question 2

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

Answer

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.

Question 3

Dual Guidelines: Primary Flood Program

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

Answer

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.

Question 4

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

Answer

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

Flood

Neptune Flood Guidelines

Dual Guidelines: NFIP Program

Dual Guidelines: Primary Flood Program

Dual Guidelines: Excess Flood Program

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