Excess Flood Resources

What is Excess Flood insurance?

Excess Flood insurance provides auxiliary coverage – a maximum of $10,000,000 – on residential and commercial properties beyond National Flood Insurance Program (NFIP) limits. Excess Flood also can provide earthquake coverage on residential and commercial buildings. Excess Flood is written on an individual policy basis.

How Excess Flood insurance benefits a financial institution

  • Coverage includes buildings, contents and loss of income including extra expense
  • Exclusions consist of: basements including contents; properties built on stilts over water; properties in certain high risk flood areas; certain technical equipment such as medical/lasers; perishables; and properties with negative elevation
  • Residential and commercial buildings can include earthquake coverage with the same maximum limits and a $25,000 deductible for any one occurrence. It must be written in conjunction with the flood program and cannot be written in certain high risk areas.
  • Condominium limits available up to $20,000,000 for buildings with minimum 75% occupied and high rise designation only. Certain restrictions will apply.

For more information, contact PFI at 800.521.6800 or e-mail us.