Commercial Flood

Commercial Flood

Available in: AR, AZ, CA, CO, CT, HI*, IA, IL, IN, KS, KY, MA, ME, MI, MN, MO, NC, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, TN, UT, VA, WA, WI

Written by Palomar Excess and Surplus Insurance Company
A non-admitted “A-IX” Excellent A.M. Best rated insurance company
Supported by capacity from General Security Indemnity Company of Arizona, rated A+ (XV) by A.M. Best

Product Overview

• No waiting period
• No elevation certificate required

Target occupancies include

• Condominiums
• Mercantile/Shopping Centers
• Offices, Professional Buildings
• Hotel/Motel

Guidelines & Eligibility

• No prior flood claims
• Highly damageable contents are ineligible
• Business income cannot be greater than 30% of TIV
• Loss runs are required with each submission

Coverage & Limits

• Capacity up to $2mm ($1mm of capacity for HI and uses our excess and surplus insurance carrier)
• TIV limitation up to $100mm
• Building limit up to $2mm
• Business personal property limit up to $1mm
• Business income limit up to $500,000
• Fixed or percentage deductible options available

*Capacity up to $1mm for HI issued on Palomar Excess and Surplus Insurance Company paper