Knowing that 90% of all natural disasters involve flooding, National Underwriter is proud to add this important resource to its popular “Coverage Guide” series. Commercial Flood Insurance Coverage Guide enables agents, underwriters, and adjusters to quickly master the ins and outs of commercial flood insurance which can often be confusing and complex.
This practical work begins with coverage of the history and background of the development of the current National Flood Insurance Program (NFIP), and continues on to address the current proposed changes to the program.
Focused on practical applications—and including copies of relevant forms—this guide clearly explains:
» The different types of floods and flood zones critical to the placement of insurance
» The eligibility rules for the NFIP flood program
» The eligibility requirements for the ISO program
» The NFIP standard flood insurance policy
» The ISO commercial flood policy
Commercial Flood Insurance Coverage Guide also introduces the ISO Commercial Flood program—which has an effective date of April 2018—and addresses many of the critical coverage needs in the marketplace today. The new program enables insurers to set their own limits of insurance and provide optional coverage for risks not typically covered by the National Flood Insurance Program (NFIP), including certain types of property damage to:
» Basements
» Business interruption
» Costs to comply with building code changes.
Commercial Flood Insurance Coverage Guide is a guide that will help professionals address complex coverage needs, provide optimal protections with confidence, and achieve profitable growth in commercial flood insurance.