FloodFlex - Flood Coverage Enhancement

Offering commercial property coverage for out-of-pocket expenses typically faced in the aftermath of a flood

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FloodFlex is a commercial flood product designed to eliminate out-of-pocket expenses not covered by traditional flood insurance. The FloodFLEX program, offered exclusively through AmWINS and administered by The Flood Insurance Agency, endorses the policy to increase the loss payable for Coverage A – Building Coverage of a commercial building flood policy from 10 percent to up to 100 percent. The insured receives one payment for the covered flood loss and a second FloodFLEX payment to be used at the insured’s discretion for any purpose, such as loss of income, additional expenses, depreciation, or the deductible.


Coverage highlights:

  • First dollar primary building/contents coverage available up to $10,000,000 for properties located in A, X, and V zones, including almost all coastal properties
  • $5000, $50,000, $100,000, $250,000, and $500,000 deductible options
  • A rate-lock feature, which provides an insured with options to lock in pricing for up to three years, regardless of losses incurred during that time
  • Policies are certified lender compliant, ensuring that policies will be accepted by all federally-backed banks and lenders

Submission requirements:

  • Statement of values
  • Front/back/interior building photos
  • A signed statement of no losses, or 10 years of currently valued loss runs


All states, except New York

Minimum premium:

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.

Industry experience:

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.


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