Why Flood Insurance?
No other type of natural disaster has done more damage and destruction than flooding, in fact, just one inch of water can cast $27,000 or more in damages according to FEMA. 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 the NFIP. Excess Flood Coverage also available in all 50 states.
- Excess Flood
- Private Primary Flood
- NFIP
- Earthquake & Landslide
(When Purchased with Flood)
- Buildings
(Residential, Commercial & Condominiums) - Contents
(Residential or Business Contents) - Loss of Income
(Net Business Income or Loss of Rents)
- Acord Application
- NFIP App / Dec Page
- Loss Runs
National Flood Insurance Program (NFIP)
Available in all 50 States
- Residential: $250,000
- Commercial: $500,000
- Other Residential: $500,000
- Condominiums: $250,000 x No. of Units
- Residential: $100,000
- Commercial: $500,000
- Range $1,250 to $25,000
Private Primary Flood
- Combined Building & Contents Limit up to $5,000,000
- Business Income: $500,000
- Primary & Secondary Residential
- Commercial Properties
- Apartments, Multi-Family
- Condominiums
- "Carrier A.M. Best Rating A XV"
- Competitive with NFIP pricing
- Policy wording meets lender compliance
- No Elevation Certificate (EC) is required but some locations may require EC to bind coverage
- Non-admitted in all 50 States
- $2,500 per occurrence for Buildings
- $2,500 per occurrence for Contents
- No waiting period in respect to loan closing
- 7 day waiting period for coastal (Tier 1& 2) risks
- 14 day waiting period for inland risks
- Ability to schedule multiple locations into one policy
- Loss of income/loss of rents coverage
- Improvements & Betterments additional limits
- Replacement cost coverage for building & contents
Excess Flood
Nationwide Program
- $20 Million Condo Building
- $10 Million Earthquake When Purchased
with Excess Flood - $45 Million over all interest per risk –
Additional limits available upon request
(Building, Contents, Loss of Income)
- $500 Residential
- $1,000 Commercial
- Ability to schedule multiple locations into one policy
- Loss of income/loss of rents coverage
- Improvements & Betterments additional limits
- Primary & Secondary Residential
- Commercial Properties
- Apartments, Multi-Family
- Condominiums
- Deductible is the maximum limit provided under the NFIP ($250,000 Residential/ $500,000 Commercial) or a self-insured retention of the maximum limits of the NFIP.
Contact Our Team
PATRICK SMALL
Managing Director
973-631-7575 Ext: 160
psmall@dualcommercial.com
THOMAS BECKER
Director of Business Development
973-631-7575 Ext: 161
tbecker@dualcommercial.com
TERI LAWSON
Senior Underwriter
973-631-7575 Ext. 162
tlawson@dualcommercial.com
LUIS CALDERON
Underwriter
973-631-7575 Ext: 163
lcalderon@dualcommercial.com
MICHAEL CULBERT CPCU
Underwriter
973-631-7575 Ext. 608
mculbert@dualcommercial.com
REBECCA WAGNER
Associate Underwriter
973-631-7575 Ext: 200
rwagner@dualcommercial.com
Tina Sarnecke
Underwriting Assistant
973-631-7575 Ext: 610
tsarnecke@dualcommercial.com