Private Flood Insurance

Private Flood Insurance compliant with all new Final Rule requirements and rates  25-40% lower than NFIP.Easy Enrollment, Competitive Costs

 

If you live in a community that participates in the National Flood Insurance Program, you can offer your borrowers a Standard Flood Insurance policy. The National Flood Insurance Program (NFIP) was established by the Federal Government to help communities who “voluntarily participate in the NFIP by adopting and enforcing floodplain management ordinances to reduce future flood damage.” To be considered a flood, the waters must cover at least two acres or affect at least two properties. Your borrowers must apply for building coverage and contents coverage separately if they choose to invest in a Standard Flood Insurance policy.

WHY PRIVATE FLOOD?

✓ Same coverage as the Federal Emergency Management Agency (FEMA’s NFIP Policy)

✓ Limited Underwriting Questions

✓ Mortgage Lender Approved Policy

✓ Does Not Require Elevation Certificate

✓ Available for All Properties in All Flood Zones

✓ Coverage in all 50 States

✓ No Waiting Periods for Loan Closings or Expiration of NFIP Policy, 5 Day Waiting Period for all Other Policies

✓ Provides Additional Living Expense on Primary Residences

✓ Business Interruption Coverage Available

✓ Includes Mine Subsidence

COVERAGE LIMITS* BUILDING CONTENTS RESIDENTIAL** $250,000 $100,000 COMMERCIAL $500,000 $500,000 DEDUCTIBLES $1,250 - $5,000

*HIGHER LIMITS & EXCESS FLOOD AVAILABLE UPON REQUEST **NOT CURRENTLY AVAILABLE FOR MANUFACTURED OR MOBILE HOMES

National Flood Insurance Program

If your community participates in the National Flood Insurance Program, Golden Eagle can help you supply flood insurance to your borrowers.

 

Let's talk about Private Flood Insurance

 

 Commercial Property Application

 Residential Property Application