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

Contact us to learn more about our products and coverages