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5 Key Benefits of NCIP Private Commercial Flood Insurance

Updated: Feb 28

In the unpredictable realm of business, safeguarding your clients against unforeseen disasters is vital. When it comes to flood insurance, the National Catastrophe Insurance Program (NCIP) stands out as a beacon of robust protection. In this blog, we delve into the 5 key benefits of NCIP Private Commercial Flood Insurance, shedding light on why it should be a pivotal component in your client's risk management strategy.  

1. Enhanced Protection with Business Income Extra Expense Coverage

Protect your client’s business with Business Income Extra Expense Coverage (also known as Business Interruption Insurance), a coverage option available on NCIP policies. This unique benefit could help pay for fixed expenses and replace lost business income while the building is being repaired. This can provide essential financial support to keep your client’s operation afloat during challenging times. This coverage is not available from the NFIP, so offering this to your clients can separate you from the competition.


2. Higher Coverage Limits

The NCIP flood insurance program offers coverage limits of up to 2,500,000 per building ($5,000,000 offline with carrier approval). This is a big differentiator from the NFIP, which only offers $500,000 in building coverage and $500,000 in contents coverage. Being underinsured can mean a business does not survive a devastating flood. Don’t let your clients be underinsured.


3. Shorter Waiting Periods Could Make All the Difference

Flood insurance waiting periods are crucial in determining when coverage takes effect. The National Flood Insurance Program (NFIP) has a standard waiting period of 30 days, discouraging last-minute purchases and requiring proactive planning. In contrast, the National Catastrophic Insurance Program (NCIP) offers a shorter waiting period of 15 days, providing quicker activation of coverage. If your client is purchasing or refinancing a building, and flood insurance is a requirement for the loan, the waiting periods can be waived to coincide with the date of the loan closing.

4. Cover multiple perils on one policy

Combine the perils of flood and earthquake into one policy. This unique option from NCIP allows you to quote both perils using one application, saving you time and simplifying insurance management with a single policy.


5. Increased Cost of Compliance and Debris Removal

Unexpected costs can create a financial burden for your clients. That's why our policies typically include debris removal and increased cost of compliance at no additional cost. If changes must be made to comply with certain state or local floodplain management laws, NCIP’s increased cost of compliance benefit can typically provide $30,000 of coverage.


Get your client broader coverage than the NFIP with NCIP Commercial Flood Insurance

Sign up today to start offering this unique coverage at


Disclaimer: The content on this site is for general information purposes only. It is not intended to be relied on or used in place of professional advice. We do not endorse, assume responsibility for, or guarantee the accuracy of the content. All liability is expressly disclaimed.


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