DUAL Group
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Commercial Flood
Competitive flood coverage ideal for residential, commercial, and condominium buildings
DUAL’s flood program focuses on private primary and excess flood. Not only may your homeowner's policy not cover flooding, even if it does you may still need excess coverage to truly protect your home or business. DUAL offers primary flood coverage through their revolutionary online rating portal as a competitive alternative to the NFIP. Excess flood coverage available in all 50 states.
Excess flood
Damages from flooding could be more than your standard flood insurance policy can protect. If your estimated cost to rebuild is higher than the limits, you need an excess flood insurance policy to be sure that funds are available to repair your home or business.
Program appetite
- Residential dwelling (1-4 family)
- Apartments, multi-family
- Condominiums
- Commercial properties
Limits
- $15m all coverages combined (higher limits available on a submit for rating basis)
Coverages available
Coverages available include:
- Real property
- Contents - household or business contents
- Loss of income - net business income or loss of rent
Excluded risks
- Properties built on stilts over water
- Mobile, manufactured and prefabricated buildings
- Soft costs in respect of construction risks
- Medical equipment
- Food stuffs and perishable goods
- Contents not covered under an NFIP Policy located in basements
- Coastal barrier resource act (CBRA Zones) or non-NFIP participating communities
Primary flood
Primary flood coverage offered through our revolutionary online rating portal as a competitive alternative to the NFIP.
Key features
- Non-admitted, nationwide
- Online portal for quoting, issuing and binding
- Three different capacity providers
- Replacement cost coverage for building and contents
- Ability to schedule multiple locations into one policy
- Competitive rates based on tier county locations
- Policy wording accepted by lenders
Program appetite
- Residential and commercial buildings
- Condos - minimum of four stories, positively elevated A+ XV zones
Limits
- Building and contents - $3.5m combined on any one building per occurrence (building and contents)
- Busines income/loss of rents - $500,000 per occurrence
Coverages available
Coverages available include
- Buildings and contents coverage mirrors the NFIP form and is lender compliant
- Business income/rental value (including extra expense)
Excluded risks
- Properties located in a community currently in an emergency program
- Coverage for mobile homes
- Medical equipment
- Perishable goods, including food and/or drink
- Business income and/or rental value only coverage
Submission requirements
- NFIP/Acord application or renewing NFIP dec page
- DUAL supplemental
- Elevation certificate needed for post firm A or V zones to bind coverage
- Excel SOV for multiple locations
- Confirmation of no prior flood losses
- Loss runs
Contact the expert
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