Private Flood Product Suite

RCBAP Flood Insurance Coverage

Private Residential RCBAP Product

Our private residential RCBAP product was strategically engineered to provide higher coverage, stronger competitive advantages and a better customer experience than other flood insurance products on the market. The result includes:
  • ~25% savings when compared to NFIP
  • Damage to common areas due to riots covered to a maximum of $5,000
  • Actual cash value of commonly owned contents to a maximum of $150,000
  • Customization's available on a case-by-case basis
  • Up to replacement cost or the total number of units x $300,000 (whichever is less)
  • Easy quoting and binding processing

Eligibility Criteria

  • B, X, D (-SFHA) flood zone buildings maybe eligible for PRCBAP on a case by case basis.
  • Buildings located more than a mile from a coastline likely to be accepted for PRCBAP unless influenced by other flooding sources such as Lakes or Rivers.
  • Buildings partially or fully over water, buildings not walled and roofed or under construction are not eligible PRCBAP.
  • Building with elevation difference (between lowest floor elevation and base flood elevation) greater than or equal to -1 are eligible for PRCBAP.
  • Buildings located between 0.5 miles to 1 from the coastline somewhat likely to be accepted for PRCBAP.
  • Buildings located in areas defined within the Coastal Barrier Resource Act are not eligible for PRCBAP.
  • Post-FIRM and Pre-FIRM construction buildings in eligible NFIP communities within flood zones A1-A30, AE, A, AH, and AO are eligible for PRCBAP.
  • Buildings located on Islands/Barrier Islands not accepted in the program
  • Buildings located less than 0.5 miles from the coastline unlikely to be accepted for PRCBAP.
  • Severe Repetitive loss (SRL) properties as defined by FEMA are not eligible for PRCBAP.
  • Buildings with two or more claims are not eligible for PRCBAP.

Flood News & Insights

The Future of Flood

NFIP vs. Private Flood

As NFIP reforms are debated, there have been short-term lapses in the NFIP during recent government shutdowns and widespread uncertainty in the market around the program’s future. In response to this uncertainty, the private flood market has grown an estimated 25-30% during the last year.

Retaining PRPs at Annual Renewal

Over 65% of preferred risk policies (PRPs) drop at the first annual renewal.

Explore a new product: FlexCash

Offer customers a discretionary payout of up to $10,000 to help with coverage gaps.


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