Start with the property and the actual terms.
Excess flood coverage can address building or contents values above the attachment point defined by the policy. It is not interchangeable with primary flood insurance: the underlying requirement, attachment point, covered property, and excess form must align.
What to compare
- Underlying policy and required primary limits
- Excess building and contents limits
- Attachment point and any minimum earned premium
- Optional primary protections offered with the excess structure
- Waiting period and closing exceptions
Information to prepare
- Current primary flood declarations
- Replacement values and contents values
- Desired excess limits
- Property type and occupancy
- Closing date, effective date, and lender instructions
Frequently asked questions
Does excess flood pay from the first dollar of loss?
Generally no. It responds only after the applicable attachment point or underlying amount specified by the excess policy is exceeded.
Can optional coverage accompany excess flood?
Some private excess structures may offer qualifying primary enhancements, subject to purchase of the associated coverage and the issued terms.
Coverage descriptions are general. Eligibility, coverage, limits, valuation, deductibles, exclusions, pricing, waiting periods, and availability vary. The quotation and issued policy control.