NFIP Commercial highlights:
Federally-backed flood insurance
- Available in all 50 states and US territories
- Limits: $500,000 building; $500,000 contents
- Deductible: Separate deductible for dwelling and contents
- Standard waiting period: typically 30 days
- Elevation Certificate (EC) may not be required, but an EC could mean a more affordable rate
- Summary of coverage
Excess Flood highlights:
Higher limit options when NFIP options are maxed out
- Available in all 50 states
- Limits: $15M combined
- Deductible: "Follow form" to the primary NFIP policy
- Business income coverage: $500,000 (includes loss of rent)
- Elevation Certificate not required on certain risks
- Replacement cost option on contents available on certain risks
- Coverage highights and FAQs
Private Primary Commercial Flood:
With competitive pricing, the private market may provide alternative opportunities for flood insurance protection with broader limits and the option to include business interruption.
Hiscox FloodPlus Commercial highlights:
- Available in most states except AK, HI and KY
- Limits: $2.5M building, business personal property and business income
- Deductible: Flat deductible
- Standard waiting period: 7 days
- Business income coverage available
- Elevation Certificate not required
- Replacement cost option on contents avilable
- Features and comparison
DUAL Commercial highlights:
- Available in all 50 states
- Limits: $3M combined building and contents
- Deductible: $2,000 per occurence for buildings. $2,000 per occurence for contents.
- Standard waiting period: up to 14 days
- Business income coverage available
- Elevation Certificate may not be required
- Replacement cost option on contents available
- Highlights
Download the Victor Flood highlight sheet
