Flood
The National Flood Insurance Program (NFIP) provides a base level of coverage that will cover your client’s business in the event of a flood. However, many businesses face significant repair and rebuilding costs which exceed the limits offered by the NFIP. In order to safeguard your clients against the financial harm of flooding, they need excess coverage that will help them recoup more of their losses when disaster strikes. Burns & Wilcox, a leader in excess and surplus insurance, can provide access to expanded flood insurance tailored to your clients’ needs.
Coverage Details and Features
NFIP Details
- Residential Buildings $250,000
- Residential Contents $100,000
- Commercial Buildings $500,000
- Commercial Contents $500,000
- Residential Condo Associations $250,000/unit
Details
- Coverage up to $15 million aggregate
- Eligible properties include: residential one to four family dwellings, apartments,condominiums and commercial properties
- Program follows excess of NFIP for ease of claim handling
- Includes buildings, contents, and loss of income
- Replacement cost endorsement available
- Coverage available in all states(some limitations apply)
- Incidental earthquake coverage available
- Commercial premiums starting at $1,000
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