Our client, a national outlet store owner and operator, was looking for a private market flood insurance solution that would satisfy their needs for primary layer flood coverage better than NFIP flood insurance. Our client has outlet stores in 28 buildings at 19 locations that are in FEMA-designated Special Flood Hazard Areas (SFHA: flood zones beginning with letters A and V). NFIP flood insurance did not satisfy their needs due to having multiple policies, scattered renewal dates, limits that would not adequately cover their merchandise and improvements and betterments, and the 10% annual cost increase that is expected for many years to come.
We used our exclusive private market flood insurance program to deliver a solution that was customized to their specific needs. Our winning solution simplifies the administration of primary layer flood insurance, reduces their flood insurance costs, delivers limits and coverage terms that perfectly match their needs to eliminate gaps in coverage.
Download this case study (.pdf) to view the comparison of the benefits of our program compared to NFIP flood insurance.
Do you have commercial lines clients who fit this criteria? If so, call us today to take advantage of our private market flood program to offer winning flood insurance solutions to your clients.