NFIP & NON-NFIP FLOOD PROGRAM
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Toll-Free Access to Policy & Claims
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Expert Underwriting
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In House Claims
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Marketing Material & Zone Determinations
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Field Marketing Assistance
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Web Training
NFIP Primary Flood
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American Bankers Insurance Company (ABIC) is our Private Label Flood Program is underwritten and serviced by American Bankers, the 2nd largest WYO in the Nation
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Top Commissions
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Easy Online System
Excess Flood
Available Limits
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$15,000,000 aggregate per property, over all interests to include building, contents, and loss of income; higher limits available upon request
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$20,000,000 aggregate per building for residential and high-rise Condominiums (building coverage only)
Underlying NFIP Insurance Requirements
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Residential (1-4 family) $250,000 Commercial $500,000
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Residential Condos $250,000 X of units
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$500,000 Loss of income $50,000 or 30 day SIR
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Contents and loss of income can be bound only in conjunction with building coverage
Eligible Properties
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Residential dwelling (1-4 family), other residential (i.e., apartments)
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Commercial properties and condominiums subject to underwriting eligibility
Excluded Classes
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Properties located on Fire Island, NY; Chesterfield, MO; Florida Keys; and Padre Island, TX
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Properties built on stilts over water Properties with negative elevation Contents located in a basement Medical equipment
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Foodstuffs and perishable goods of any kind
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Manufactured homes
Special Requirements
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Minimum and earned premium is the greater of 25 percent gross premium and/or $500 residential and $1,000 commercial
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Contents and loss of income can be bound only in conjunction with building coverage
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Underlying NFIP policy declarations page is preferred to accompany the excess flood application when available
Non-NFIP Condominiuim Discount
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Coverage includes flood limits for all flood zones and provides extended coverage above what is available through NFIP with up to 20% discount
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Primary Flood Insurance
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Maximum Limit: $5,000,000 per Building
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Up to 20% discount off NFIP Rates
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Risks 1,000 Feet or More from Tidal Waters are Eligible
Non-NFIP Condo Unit Owner Excess
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Excess Unit Owner coverage up to 100%
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No EC Required
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Any Zone including V, Pre-Firm Eligible
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Waterfront Eligible
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Minimum Premium $350.00
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Individual Units OR Schedule all Units if Association paid
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Loss History Eligible
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Discounted Premium Flat Pricing per Unit
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Copy of RCBAP
Preferred Zone Non-NFIP Blanket Discount Condo Flood Program
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Up to 10 Million Blanket Primary Flood (Over 10 Million upon approval)
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B,C or X Zone Over 1,000 feet from Ocean/Gulf Tidal Water
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Over 250 feet from Inland (Salt) Waterways
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No Prior Losses
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Minimum Deductible 2,000
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No Co-insurance penalty
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No Negative Elevations
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