May 1, 2017
Insurmark continues to expand its Private Flood Capabilities
As reauthorization of the NFIP looms later this year we will continue to see the removal of subsidies, and an increase in rates with the ultimate goal of writing to actuarially soundness. This will continue to bring primary flood alternatives to the private marketplace. Insurmark continues to broaden its capabilities by offering primary flood alternatives to residential and commercial properties. To analyze risk we now have the in-house capability to map and model risk. This will allow us to accurately price a property or portfolio of properties. This tool is unique to the industry and puts Insurmark at the forefront of the ever changing flood landscape.
Our private primary flood offerings are competitively priced and meet FEMA guidelines, which is acceptable for lender (FDIC) insuring requirements.
Private primary flood insurance may be easier to administrate. You may be able to place multiple locations on a single policy and it may not always be necessary to furnish an elevation certificate. Insurmark/Floodwatch has primary flood coverage options available in all 50 states and a Preferred Private Flood program available in 34 states.
For additional assistance or if you would like more information, please contact Insurmark/Floodwatch today.
October 10, 2016NFS Edge Launches Private Flood Option for Condo Associations
December 16, 2015NFS Edge Launches Flood Coverage Option for Condo Associations