Flood Program

Ideal for Residential, Commercial, and Condominium buildings.

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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.

Products Avaliable
  • Excess Flood
  • Private Primary Flood
  • NFIP
  • Earthquake & Landslide
    (When Purchased with Flood)
Coverages Available
  • Buildings
    (Residential, Commercial & Condominiums)
  • Contents
    (Residential or Business Contents)
  • Loss of Income
    (Net Business Income or Loss of Rents)
Submission Requirements
  • Acord Application
  • NFIP App / Dec Page
  • Loss Runs

National Flood Insurance Program (NFIP)

Available in all 50 States

Buildings

  • Residential: $250,000
  • Commercial: $500,000
  • Other Residential: $500,000
  • Condominiums: $250,000 x No. of Units

Contents

  • Residential: $100,000
  • Commercial: $500,000

Deductibles

  • Range $1,250 to $25,000

Private Primary Flood

Limits of Liability

  • Combined Building & Contents Limit up to $5,000,000
  • Business Income: $500,000

Eligible Properties

  • Primary & Secondary Residential
  • Commercial Properties
  • Apartments, Multi-Family
  • Condominiums

Program Highlights

  • "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

Minimum Deductible

  • $2,500 per occurrence for Buildings
  • $2,500 per occurrence for Contents

Waiting Period

  • 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

Program Benefits

  • 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

Limits Available/Per Occurrence:

  • $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)

Minimum Premium

  • $500 Residential
  • $1,000 Commercial

Program Benefits

  • Ability to schedule multiple locations into one policy
  • Loss of income/loss of rents coverage
  • Improvements & Betterments additional limits

Eligible Properties

  • Primary & Secondary Residential
  • Commercial Properties
  • Apartments, Multi-Family
  • Condominiums

Minimum Deductible

  • 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