California Surplus Lines License Number: 0I36117

Quote Only. Coverage is not bound at this point.

Submission of a complete and signed application is required to obtain coverage.

Premium is subject to underwriting guidelines and application approval.

ONCE YOUR LENDER PAYS YOUR RENEWAL PREMIUM YOU CANNOT CANCEL THE FEMA POLICY****TO PREVENT YOUR LENDER FROM PAYING A RENEWAL PREMIUM YOU DO NOT WANT THEM TO PAY YOU MUST NON-RENEW YOUR FEMA POLICY(ask us for details).

 

Submit An Application

Private Market Flood IS available for: Single Family Dwelling and 2 to 4 Unit Residential Buildings, Non-Residential and 5 or more Unit Residential Buildings.

Private Market Flood IS NOT available for:

  • Non-residential and other residential properties when the total insurable value exceeds $2,500,000 in respect of Buildings and $2,500,000 in respect of Contents.

  • Mobile homes and condominium units.

  • Properties located in CBRA areas, non-participating FEMA communities, mobile homes, or condominium associations.

  • Other properties not eligible for coverage include: properties that have experienced more than one flood loss within the past five years, properties with unrepaired flood damage, a property that has incurred more than $250,000 flood damage to the structure, any property that has been designated by FEMA as a Severe Repetitive Loss property, and properties that have been designated by a duly constituted State or local authority to be in violation of State or local floodplain management regulations (Section 1316).

Please Note:

1. The insurance policy that you are applying to purchase is being issued by an insurer that is not licensed by the state of California. These companies are called “non-admitted” or “surplus line” insurers.

2. The insurer is not subject to the financial solvency regulation and enforcement which applies to California licensed insurers.

3. The insurer does not participate in any of the insurance guarantee funds created by California law. Therefore, these funds will not pay your claims or protect your assets if the insurer becomes insolvent and is unable to make payments as promised.

4. California maintains a list of eligible surplus line insurers approved by the insurance commissioner. Ask your agent or broker if the insurer is on that list, or view that list at the web site of the California Department of Insurance: www.insurance.ca.gov.

5. For additional information about the insurer you should ask questions of your insurance agent, broker, or “surplus line” broker or contact the California Department of Insurance, at the following toll-free telephone number: 1-800-927-4357.

6. If you, as the applicant, required that the insurance policy you have purchased be bound immediately, Either because existing coverage was going to lapse within two business days or because you were required to have coverage within two business days, and you did not receive this disclosure form and a request for your signature until after coverage became effective, you have the right to cancel this policy within five days of receiving this disclosure. If you cancel coverage, the premium will be prorated and any broker fee charged for this insurance will be returned to you.”

Sf 198230.2 73670 00741 d-1 (effective January 1, 2008)

Notice:

1. The insurance policy that you have purchased is being issued by an insurer that is not licensed by the state of California. These companies are called “nonadmitted” or “surplus line” insurers.

2. The insurer is not subject to the financial solvency regulation and enforcement which applies to California licensed insurers.

3. The insurer does not participate in any of the Insurance guarantee funds created by California law. Therefore, these funds will not pay your claims or protect your assets if the insurer becomes insolvent and is unable to make payments as promised.

4. California maintains a list of eligible surplus line Insurers approved by the insurance commissioner. Ask your agent or broker if the insurer is on that list, or View that list at the web site of the California Department of Insurance: www.insurance.ca.gov.

5. For additional information about the insurer you should ask questions of your insurance agent, broker, or “surplus line” broker or contact the California Department of Insurance, at the following toll-free telephone number: 1-800-927-4357.

6. If you, as the applicant, required that the insurance policy you have purchased be bound immediately, either because existing coverage was going to lapse within two business days or because you were required to have coverage within two business days, and you did not receive this disclosure form and a request for your signature until after coverage became effective, you have the right to cancel this policy within five days of receiving this disclosure. If you cancel coverage, the premium will be prorated and any broker fee charged for this insurance will be returned to you.

*Surplus Lines Tax Rate: 3%

*Stamping Fee: 0.2%

*This tax and fee is included in the quoted premium.

 

  NEW AGENT REGISTRATION      CONTACT US      FAQS      LINKS      CLAIMS      POLICY FORM      SUBMIT A TESTIMONIAL      VIEW TESTIMONIALS