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Preferred Flood Premium

Residential Flood Coverage1,2,3
$1000 Deductible

Building & Contents 4 Contents Only7
Annual Premium Annual Premium
Coverage w/o Basement or Enclosure6 w/ Basement or Enclosure5 Coverage Contents Above Ground (more than one floor) All Other Locations (Basement-Only Not Eligible)
$20,000/8,000 $137 $167 $8,000 $44 $66
$30,000/12,000 173 203 12,000 63 95
50,000/20,000 233 262 20,000 99 136
75,000/30,000 276 311 30,000 116 160
100,000/40,000 308 342 40,000 130 179
125,000/50,000 324 359 50,000 144 199
150,000/60,000 346 380 60,000 158 219
200,000/80,000 380 421 80,000 186 242
250,000/100,000 405 452 100,000 215 266
  1. Add a $25 HFIAA surcharge for policies covering primary residences only if the named insured's primary residence is a single-family dwelling, an individual condominium unit, or an apartment in a non-condominium building. Add a $250 HFIAA surcharge for all other policies.
  2. Add the $50 Probation Surcharge, if applicable.
  3. Premium includes a 10% Reserve Fund Assessment and $22 Federal Policy Fee.
  4. Premium includes ICC Premium of $5 for residential coverage up to $230,000 and $4 for coverage over $230,000. Deduct this amount if the risk is a condominium unit.
  5. Do not use this section of the table for buildings with crawlspaces or subgrade crawlspaces; see footnote
  6. Use this section of the table if a building elevated on a crawlspace has an attached garage without openings.
  7. Use this "All Residential Contents-Only Coverage" premium table for individual residential condominium unit contents-only policies.

Note. Residential condominium associations are not eligible for the PRP. Individual residential condominium units in residential condominium buildings are eligible for the PRP. In addition, individual residential condominium unit owners in nonresidential condominium buildings are only eligible for contents coverage. The deductibles apply separately to building and contents. Building deductible, $1,000. Contents deductible, $1,000.

To qualify for replacement cost claim settlement, a single-family dwelling must be the insured's principal residence and be insured to the maximum amount of insurance available under the program or no less than 80% of the replacement cost at the time of loss, whichever is less. Please refer to the Standard Flood Insurance Policy (SFIP) for further explanation and requirements.

Business Flood Coverage1,2,3
$1000 Deductible

Building & Contents4 Contents Only
Coverage Annual Premium w/Basement or Enclosures5 w/o Basement or Enclosures6 Coverage Above Ground Level More Than One Floor All Other Locations (Basement-Only Not Eligible)
$50,000/50,000 $1,037 $647 $50,000 $174 $391
100,000/100,000 1,778 1,035 100,000 262 591
150,000/150,000 2,367 1,344 150,000 350 790
200,000/200,000 2,812 1,663 200,000 438 989
250,000/250,000 3,196 1,918 250,000 526 1,188
300,000/300,000 3,578 2,172 300,000 614 1,387
350,000/350,000 3,961 2,365 350,000 702 1,586
400,000/400,000 4,280 2,556 400,000 790 1,785
500,000/500,000 4,918 2,938 500,000 965 2,184
  1. Add a $25 HFIAA surcharge for policies covering primary residences only if the named insured's primary residence is a single-family dwelling, an individual condominium unit, or an apartment in a non-condominium building. Add a $250 HFIAA surcharge for all other policies.
  2. Add the $50 Probation Surcharge, if applicable.
  3. Premium includes a 10% Reserve Fund Assessment and $22 Federal Policy Fee.
  4. Premium includes ICC Premium of $5 for non-residential coverage up to $480,000 and $4 for coverage over $480,000.
  5. Do not use this section of the table for buildings with crawlspaces or subgrade crawlspaces; see footnote
  6. Use this section of the table if a building elevated on a crawlspace has an attached garage without openings.

Note. All non-residential buildings, including non-residential condominium buildings, are eligible for the Preferred Risk Policy. In addition, individual residential condominium unit owners in non-residential condominium buildings are eligible for Contents-Only coverage. The deductibles apply separately to buildings and contents. Building deductible, $1,000. Contents deductible, $1,000.

Note: Replacement Cost coverage is not available for the building or contents. All claims will be settled using Actual Cash Value (depreciated value).

The NFIP's Preferred Risk Policy (PRP) covers commercial property in areas of moderate- to low-risk. This brochure provides information for building owners and tenants on premiums and coverage amounts.


 
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