Private Primary Flood
Offered by Orchid Insurance
Flood Water Damage Private Flood Personal Lines Primary FloodDescription
No other type of natural disaster has done more damage and destruction than flooding. In fact, according to the Federal Emergency Management Agency (FEMA), just 1 inch of water can cause $27,000 or more in damages to your property. It is important to remember that your insured’s homeowner policy oftentimes does not cover flooding, and even if it does you may need excess coverage to truly protect your home.
Orchid offers an alternative to the National Flood Insurance Program by providing appointed agents access to Private Primary Flood programs on non-admitted paper. These private markets allow a higher limit than the NFIP, and does not require the 30 day waiting period. Both our markets are A.M. Best A- or Better Rated.
Market #1
Coverage Details:
- Coverage up to $2 million building, $500,000 personal property
- Options to add Replacement Cost, Temporary Living Expense, and more
Product Advantages:
- Quote and Bind in less than 3 minutes
- Instant quote and policy search
- Single page quoting
- Real time premium change
- No Elevation Certificate or photos needed
- 10 day wait (no wait period for loan transactions)
Market #2
Key Features:
• Combines Building & Contents Limit up to $5 million
• Competitive with NFIP pricing
• Policy wording meets lender compliance
• No waiting period in respect to loan closing
• Seven day waiting period for tier 1 & 2 risks
• 14 day waiting period for inland risks
Eligible Properties:
• Primary & Secondary Residential
• Apartments, Multi-Family
• Condominiums
Details
Appointment Required
Carrier Information
Multiple Markets Available
Non-Admitted
Rating A- or Better
Rating By A.M. Best
Listing Contact
Marketing Department
Offered By
Availability 50 states + DC
Covered
Not Covered
