Flood Insurance
Offered by Innovation Growth Partners Specialty, LLC (IGP Specialty)
Flood Excess Flood Primary Flood Commercial Flood Residential FloodDescription
Protection to Meet Your Needs
In recent years, the effects of storm-related flooding on homes and businesses have been catastrophic — even in regions where floods were previously rare. Flooding is a potential threat to many properties, yet standard property insurance policies typically don’t cover it.
The IGP Specialty Excess Flood Program can help when the National Flood Insurance Program (NFIP) limits don’t offer sufficient protection to meet your needs. Our program provides clients access to excess flood insurance at stable, competitive rates — even in some high-risk areas that many insurers won’t cover. We work on behalf of the insurance carriers to evaluate your flood exposure, underwrite your risk, and efficiently issue policies based on your unique needs. Our ability to accurately match coverage to clients’ risks helps us keep their premiums reasonable.
Our program covers building, contents, and associated loss of income coverage, with limits up to $25 million per policy.
Interested in Primary Flood Coverage? Learn more about Private Flood Insurance.
Target Classes
Residential Property (homeowners)
- Dwelling
- Personal property
- RCBAP
Commercial Property
- Building
- Contents
- Business income and extra expense
Coverages
Coverage under this policy will follow the terms, definitions, conditions, and exclusions of scheduled underlying insurance.
Coverage provided by this policy will not be broader than the coverage provided by the policy listed in the scheduled underlying insurance.
Features
- Pre-FIRM and post-FIRM (Flood Insurance Rate Map)
- Scheduled policies up to $50 million with no one building exceeding $10 million
- Blanket policies up to $25 million
Minimum Premiums
- $500
Deductibles/Excesses
- Equal to a minimum of the limits available under NFIP
Requirements and Exclusions
The information below is a general summary of requirements and exclusions and is for reference only. Additional requirements and exclusions may apply.
Requirements
- Minimum of a 14-day waiting period with respect to loss of income, subject to a minimum of $25,000 for any one occurrence
Exclusions
By Location
- State of Louisiana; Sacramento County, CA; Santa Barbara County, CA; Monroe County, IN; Hilo, HI
- Within 5 miles of the Mississippi or Missouri Rivers
- Within 1 mile of the Hudson, Delaware, Ohio, Russian, Susquehanna, or Red Rivers
By Risk
- Built over water
- Enclosures that are not adequately vented
- Coastal with negative elevation
- Non-coastal with negative elevations exceeding 2.5 ft.
- Contents and BI coverage for papermills/manufacturers, furniture shops/manufacturers, food, medical, water treatment, cement works/manufacturers
- Business income or loss of revenue is greater than 50% of the total insured value
- Total insured value greater than $50 million
- Mobile, manufactured, or prefabricated homes
Offered By
Innovation Growth Partners Specialty, LLC (IGP Specialty)
28 listings in 50 states + DC
View CompanyAvailability 49 states
Covered
Not Covered
