![]() If you have furniture or other personal property in a basement, it would not be covered under the NFIP in the event of a flood loss. Basement Contents (up to $10,000): The NFIP provides very limited coverage for contents located in a basement including air conditioners, washer/dryer and freezers.Temporary Living Expenses (up to $10,000): If you are unable to live in your home as a result of a covered loss, Neptune Flood will reimburse up to $100 per day for temporary housing and up to $35 per day for food for each family member residing in the home during this time, for up to three months.Additional coverages are available by endorsement and include: Neptune Flood offers an option to add coverages to help protect your assets that are not covered in the National Flood Insurance Program. A flood insurance policy can provide the specialized coverage you need to help protect your home, apartment or condo from rising waters. Many people find out too late that they are at risk for flooding, and even worse, that their property insurance policy does not cover damage caused by flood. On top of offering higher limits on dwelling and contents coverage, Neptune Flood provides additional coverage options that are not available through the NFIP to help protect more of your home and keep your life moving forward in the aftermath of a flood.Īdditional Coverage to Help Protect Your Home from Flooding In fact, 25% of flood claims happen outside what the federal government labels as “high risk” zones. Rivers, dams, heavy snowmelt and pouring rain can all lead to unexpected and sudden flooding of your home. You don’t need to live on the coast to be at risk for flooding. But many people do not realize that most homeowners policies do not cover damage caused by flood. Best of all, Neptune Flood makes it easy to determine your cost of flood insurance.Īs a homeowner, protecting your property from Mother Nature is always a key concern. Neptune Flood offers up to $4 million of building coverage and $500,000 for your contents. Neptune Flood offers a private alternative to the National Flood Insurance Program (NFIP). Navigating Your Business Through COVID-19įlood insurance policies are offered by our trusted partner Neptune Flood – a leading flood insurance provider.“The increase in quotes and non-mandatory coverage shows people aren’t relying on the older FEMA maps and using their common sense to protect their home as they are learning that, If it rains, it can flood.”Īfter hammering the Florida coastline, leaving around two million people without electricity, hurricane Ian is now losing power as it tracks inland and has been downgraded to a category 1 storm, with winds of 75 mph. Broker BMS says that there’s a good chance the loss could be in excess of $20bn.Īccording to meteorologists, how long the centre of Ian can spin over the Atlantic will determine whether it is able to regain enough wind intensity to become another hurricane as it heads for the border of Georgia and South Carolina. ![]() “The National Flood Insurance Program (NFIP) offers a maximum limit of $250,000 in coverage in areas like Tampa Bay where the average home price approaches half a million dollars.” Private is the alternative with higher limits and broader coverage.” The report notes, “Property owners increasingly want coverage, including low-risk zones. Top Global Insurance & Reinsurance Brokers.Reinsurance mergers & acquisitions (M&A).
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