Floodwatch®

Floodwatch®
Excess Flood Insurance
Purpose of Floodwatch® Excess Flood Insurance:
• Provides coverage above and beyond limits available from the National Flood Insurance Program (NFIP)
• Provides coverage above and beyond limits contained in commercial policies
• Covers residential and commercial properties
Maximum Insured
• $15 million all interests per risk: building, contents & loss of income
• Building, contents & loss of income
Coverage Available
• Contents coverage available on standalone basis
• Replacement cost or actual cash value
All policies are subject to a minimum earned premium that is the greater of:
Premium and Fees
• $500 for residential property/$1,000 for commercial property, OR
• 75% of gross written premium
Territory
• United States
• Residential dwellings (1-4 family)
Eligible Property
• Apartments and condominiums
• Commercial properties
Minimum retention limits:
• Building – Residential $250,000 | Commercial $500,000
• Contents – Residential $250,000 | Commercial $500,000
Coverage Conditions
• Loss of income/rent: 10% or 30 days, whichever is greater
Coverage is not currently available for properties in Florida Keys; Padre Island, TX; Sacramento,
CA; Chesterfield, MO; Devils Lake, ND; and by levees along Trinity River in Dallas, TX.
Policies underwritten and issued by Insurmark, a Managing General Underwriter. All carriers rated A.M. Best “A.”
This fact sheet provides only a general description of the coverage afforded in the policies offered and should not be considered as altering the insuring agreement, terms,
conditions, exclusions and endorsements of the policy itself. Please read the provisions contained in the actual policies and discuss them with your insurance professional.
Insurmark is a division of Financial and Professional Risk Solutions, Inc. In CA, dba FPR Insurance Solutions, Inc. Lic# OG83953
Email submissions and inquiries to [email protected]
Call 1-800-833-5912 for more information.
Contact us to sign up
for Floodwatch Online
preferred rating program.
Purpose of Preferred Rating Program:
Provides an online system to help agents and brokers deliver excess flood clients information –
including instant pricing indicators – in a timely manner
Covers eligible risks that meet these criteria...
• Verifiable +1 elevation
• Insurance to value
• Buildings must be scheduled
• Insured/location exposure up
to $15 million
• Eligible contents up to $5 million
Risks that meet the above requirements and are
processed via Floodwatchonline may be eligible for
a 15% credit in addition to other credits.
This fact sheet provides only a general description of the coverage afforded in the policies offered and should not be considered as altering the insuring agreement, terms,
conditions, exclusions and endorsements of the policy itself. Please read the provisions contained in the actual policies and discuss them with your insurance professional.
Insurmark is a division of Financial and Professional Risk Solutions, Inc. In CA, dba FPR Insurance Solutions, Inc. Lic# OG83953
To sign up for Floodwatch Online, contact us at 800-833-5912 or email [email protected]