Flood Facility

0 19 October 2016

NEW PRIMARY FLOOD INSURANCE PROGRAM
Available limits:
$500,000 per occurrence building coverage.
$500,000 per occurrence contents coverage.
$500,000 per occurrence business income/rental value (incl. extra expense).

Eligible properties:
Residential, commercial, and condominium buildings.

Coverage available:
1) Buildings and contents coverage mirrors the NFIP form and is lender compliant.
2) Business income/rental value (incl. extra expense) extension is available when required.

Minimum Deductibles:
$2,000 per occurrence primary building coverage.
$2,000 per occurrence primary contents coverage.
Lloyd’s and company market capacity available.

NEW EXCESS FLOOD INSURANCE PROGRAM

Available limits:
$50,000,000 per occurrence, per risk.

Eligible properties:
Residential, commercial, and condominium buildings.

Coverage available:
1) Excess coverage follows the underlying NFIP form in respect of property coverage, but can be tailored where the NFIP is not in place.
2) Business income/rental value (