Unlock Comprehensive Flood Insurance Solutions with AFR: Your Trusted Partner
With the ability to tap into multiple private flood insurance markets and the NFIP, AFR evaluates your unique circumstances, enabling you to make a well-informed decision that aligns with your needs.
Private Flood Insurance
- Expanded Coverage: Private flood insurance provides increased coverage limits, including coverage for business interruption, rental value income, and improvements & betterments.
- Customized Policies: AFR can tailor flood insurance to specific needs, with flexible deductibles, replacement cost coverage options, and endorsements for additional coverages.
- Competitive Pricing: Private flood insurance providers offer competitive pricing and discounts, potentially resulting in lower premiums.
- Excess Flood Coverage: Excess flood insurance supplements primary coverage limits, bridging the gap for properties requiring higher limits for comprehensive protection.
National Flood Insurance Program
- Rates and guidelines for the National Flood Insurance Program (NFIP) are set by the federal government.
- The NFIP has introduced Risk Rating 2.0, changing how flood insurance rates are determined.
- NFIP offers the following coverages and limits:
- Building Coverage Limit: Up to $500,000 for commercial properties, covering the structure and permanently attached components.
- Contents Coverage Limit: Up to $500,000 for contents and inventory inside commercial buildings, including furniture, fixtures, machinery, equipment, and inventory.