A Viable NFIP Alternative
Private flood insurance is a sound and viable alternative for the majority of NFIP policyholders within the Special Flood Hazard Area (A and V zones). Our program can accept residential, commercial and condominium association risks, often providing better coverage than the NFIP at a lower premium.
Our base policy is the same as an NFIP policy, with endorsements that clean up or expand coverage. There is no circumstance where a claim that would be paid on an NFIP policy would be declined under a Trusted Flood policy. Our product meets the definition of “acceptable private flood insurance” as defined in the Biggert-Waters National Flood Insurance Reform Act of 2012.
Designed for the Majority of Policyholders
While federal law still makes private flood insurance a risky alternative for some policyholders, the majority of flood insurance policyholders will benefit from our program. For example, all losses under Trusted Flood insurance policies are settled at Replacement Cost rather than the Actual Cash Value settlement issued under most NFIP and many other private flood insurance policies.
Knowledge & Experience
Underwriters at Lloyd's of London and Dual Commercial have selected Trusted Flood to distribute their private flood insurance products. They have chosen Trusted Flood due to our superior knowledge/experience, our desire to help independent agents determine when private flood insurance is a good alternative for their clients and our commitment to both responsible underwriting and spread of risk to ensure the long-term viability of the program.