Today’s market demands a thorough and thoughtful approach to flood coverage. FloodFLEX is our commercial flood product designed to eliminate out-of-pocket expenses not covered by traditional flood insurance.
According to the Federal Emergency Management Agency (FEMA) floods - including inland flooding, flash floods, and flooding from seasonal storms - occur in every region of the United States. In fact, 90% of all natural disasters in the U.S. involve flooding. Understanding your insured’s risk and knowing which options to recommend will offer protection when it’s needed most.
FloodFLEX, exclusively offered by Amwins and administered by The Flood Insurance Agency (TFIA), endorses the policy to increase the loss payable for Coverage A: Building Coverage of a commercial building flood policy from 10% up to 100%.
Your insured receives one payment for the covered flood loss and a second FloodFLEX payment to be used at their discretion for any purpose, such as loss of income, additional expenses, depreciation, or their deductible.
The Flood Insurance Agency (TFIA) specializes in the distribution of private flood insurance throughout the United States. For more than 30 years, TFIA has been at the forefront of the flood insurance industry. It provides access to private market flood insurance as an alternative to the National Flood Insurance Program. The private flood insurance program now insures over $4.5 billion of property spread over 25,000 risks and has registered over 3000 independent agencies in 49 states to market the program.
This program is available in all states except NY
Limits are based on building or location
No minimum premium; however, there is a minimum earned premium provision tied closely to a seasonal flooding calendar that penalizes those who cancel policies after being insured through the worst of flooding season.
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