WHAT WE OFFER OUR FLOOD INSURANCE PRODUCERS
RESPONSIVE, LIVE CUSTOMER SERVICE
Our amazing Customer Service Reps will help answer any questions you might have about flood zones, obtaining a quote, or anything else you might need.
EARN 15% COMMISSION
We offer 15% commission on all new flood insurance policies, and 12.5% on renewals.
We also offer 10% commission on all earthquake policies, new and renewals.
INSURANCE YOU CAN TRUST
AM Best rating of no less than "Excellent" (A or A-). Financial size VII or higher.
EASY SIGN UP PROCESS
100% Online Sign Up Process.
Bulk uploading available for large groups.
Give your clients broader flood coverage than the NFIP. Scroll down to see the comparison.
BILLIONS OF CAPACITY
Billions of dollars in capacity available, billions of dollars in force.
ONE APP SURVEYS MANY MARKETS
Insulate your book of business from being damaged by offering more than just the NFIP. Don’t lose homeowners and auto accounts because your flood offering is too expensive.
*Writing in all states except in
Kentucky (for flood or earthquake)
Louisiana (for flood)
Tell us about the property
Enter the address and tell us some basic information about the building
Make your policy selections
Choose your perils, coverages and deductibles.
Submit your application to underwriting
60% of applications are underwritten instantly! The rest will be reviewed by an underwriter, which will typically take 1 business day.
Pay and issue the policy online
Approved applications can be paid for by you or the client and will be issued online!
QUOTE AND ISSUE PROCESS
WHY CHOOSE AN NCIP FLOOD INSURANCE POLICY
For many years, Americans had just one choice when it came to flood insurance: the government’s nationalized flood insurance program known as the National Flood Insurance Program (NFIP). Now you can get access to broader coverage at a lower price from the Natural Catastrophe Insurance Program (NCIP) at CATcoverage.com.
Most floods are over before property owners can prepare for them and most homeowners insurance doesn’t cover flooding.
The maximum limit of homeowners flood insurance available from the government is $250K and more than two properties or two acres of land must be inundated for the government to recognize an event as covered.
A small monthly payment now could save your client tens of thousands of dollars in the event of a flood.
Compliant with State Insurance Law
NFIP - Unregulated, can ignore consumer protection statutes.
Increased Cost of Materials
NCIP - Due to catastrophe caused shortages.
Covers Commercial Property
Additional Living Expense Available
Contents in Basement Covered
NCIP - Up to certain maximums.
Replacement Cost on Dwelling Available
NFIP - Only under certain conditions.
Replacement Cost on Contents Available
NCIP - "New for Old"
Limits up to $5,000,000
NFIP - Only $250,000 Residential and $500,000 Commercial.
Stop Loss Limit up to $5,000,000 Available
NCIP - Allows risks between $5,000,000 and $20,000,000 in values to receive a $5,000,000 limit with no coinsurance penalty.
Earthquake Coverage Available
Coverage Effective 15 Days After Policy Inception for the Peril of Flood
NFIP - Requires a 30 day waiting period.
Waiting Period Waived for Mandatory Purchase Requirement at Loan Closing
Broad Definition of Flood
NFIP - Requires inundation of at least 2 acres or 2 structures to trigger coverage. NCIP has no such limitation.
Rental Property Coverage Available
RCV on Secondary Dwellings Available
Cover Course of Construction Available
Multiple Buildings Covered Under One Policy
NFIP - You must acquire a separate policy for every structure, often creating unnecessary expense for the consumer.
*Not all policies available through CATcoverage.com use the NCIP policy form.