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In the past 5 years, all 50 states have experienced floods and flash floods

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


  • 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

Ask an Expert

What is the National Flood Insurance Program (NFIP)?
The NFIP is a federal program that ensures flood insurance is available to homeowners, renters and business owners. To qualify, a home or business must be located in a participating region and is required to adopt practices to reduce flood risk that meet Federal Emergency Management Agency (FEMA) requirements. Though most primarily flood policies are written with NFIP, clients with properties like condominiums that do not fall under traditional personal and commercial line stipulations can pursue customizable policies outside of NFIP.
What indicators should alert retail brokers and agents to recommend an Excess Flood policy to their clients?
Clients who own properties with a net-worth exceeding standard flood insurance limits should consider purchasing an Excess Flood policy. Standard flood limits were established under the National Flood Insurance Program (NFIP) – $250,000 for personal lines and $500,000 for commercial lines. With an Excess Flood policy, property owners receive extra protection as needed, with coverage available up to $5 million. Retail brokers and agents should not ignore properties located in low-risk areas for flooding either; 30 percent of flooding claims originate in inland zones that do not have coastal risk. Excess Flood policies do not include geographic exclusions, so it’s important for retail brokers and agents to inform both coastal and inland clients that coverage is available.
What specifically does Excess Flood cover?
Excess Flood insurance covers damage to a building itself and can include coverage for contents and possessions within as the result of a flood, such as specified appliances and equipment, as well as personal items like clothing, furniture and electronics.

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