Start with the property and the actual terms.
A multi-location flood account should start with a clean statement of values. Each building may require its own policy, while underwriting and billing can sometimes be coordinated across the account.
What to compare
- One building per policy
- Values and requested limits by building
- Building identifiers for shared addresses
- Occupancy, units, stories, and contents
- Coordinated effective dates, applications, and payment
Information to prepare
- Statement of values with every address
- Building name or number and site map when needed
- Building and contents limits
- Units, stories, occupancy, and construction
- Current flood policies, renewal dates, and prior losses
Frequently asked questions
Can multiple buildings be covered on one flood policy?
Flood forms commonly insure one building per policy. Multiple policies may be coordinated, but each building and issued policy must be reviewed.
When should a specialist help?
Accounts with several buildings, shared addresses, different occupancies, large values, or coordinated closing dates should send a complete statement of values for review.
Coverage descriptions are general. Eligibility, coverage, limits, valuation, deductibles, exclusions, pricing, waiting periods, and availability vary. The quotation and issued policy control.