Virginia Surplus Lines License Number: 105497

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:

The insurance policy that you have applied for has been placed with or is being obtained from an insurer approved by the State Corporation Commission for issuance of surplus lines insurance in the Commonwealth, but not licensed or regulated by the State Corporation Commission of the Commonwealth of Virginia. Therefore, you, the policyholder, and persons filing a claim against you are not protected under the Virginia Property and Casualty Insurance Guaranty Association Act (§§ 38.2-1600 et seq.) of the Code of Virginia against default of the company due to insolvency. In the event of insurance company insolvency you may be unable to collect any amount owed to you by the company regardless of the terms of this insurance policy, and you may have to pay for any claims made against you.

*Surplus Lines Tax Rate: 2.25%

*This tax is included in the quoted premium.

 

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