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Residential Flood
Offer greater flexibility and protection from flood damage to your clients’ homes.pp
Higher Coverage Limits
Up to $4M combined TIV
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Additional Living Expenses (ALE)
Up to $100K
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Not restricted to NFIP flood zones
49 States
California coming soon
It’s supplemental standalone coverage for residential property owners who have greater risk for losses due to rising waters and flooding.
How Does It Work?
A client anticipates a flood could cause serious damage
The client needs the broader protection and flexibility of Adaptive's policy
Flooding from a storm causes $200K in damage, ruining the entire first floor
Client has to move out for 3 months during repairs
Policy covers damages, ALE (Loss of Use), and ICC to bring up to code
Client moves back home, covered for repairs, expenses, and building ordinances
What’s Included
Mirror, replace, top-up, or exceed NFIP coverage
Available for buildings with combined TIV from $30K to $4M
Cover living expenses for Loss of Use up to $100K
Cover expenses to meet building codes up to $50K
As low as $1K; blanket deductible available
No waiting period
How Are Claims Handled?
The Garcia family owns a home built in 1950 in coastal South Carolina.
Their rebuild cost is $600,000. They think flood damage could cost them well more than $250,000, NFIP’s cap.
When their agent explained that NFIP coverage also excludes temporary housing expenses, they switched to Adaptive’s specialty flood policy that included a blanket deductible.
When a major tropical storm caused significant flood damage, their policy covered the loss, including three months of Additional Living Expenses (Loss of Use) while repairs were completed and $40,000 in costs related to meeting new building ordinances.
Over $250K in damages
Real World Examples
Coastal Home in Florida
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Vacation Home in Louisiana
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Primary Residence in Texas
