Disasters happen.
Make sure your commercial clients are covered from disasters like wind, hail and flood with Orchid Insurance’s solutions! Provide your clients with the peace of mind that only A.M. Best Rated carriers can deliver.
Orchid’s Specialty Perils programs include Wind/Hail Deductible Buyback, as well as Private Primary and Excess Flood for commercial properties. Learn more below.
Flood Products
Private Primary Flood
Product Highlights
- Ability to schedule multiple locations on to one policy
- Loss of income/loss of rents coverage
- Additional limits provided for improvements and betterments
- Replacement cost coverage for building & contents
Features
- Combined Building & Contents Limit up to $5,000,000
- Business Income Limits of Liability: $500,000
- Eligible properties include primary & secondary residential, commercial properties, apartments, multi-family dwellings and condominiums
- Minimum deductible: $2,500 per occurrence for buildings, $2,500 per occurrence for contents
Excess Flood
Coverage is excess of NFIP primary or equivalent self insured retention. Loss of income subject to the greater of $25,000 retention or 30 days.
Limits available/per occurrence
- $45 million over all interest (building, contents, loss of income) per risk
- $20 million condo building
- $10 million earthquake when purchased with excess flood
Minimum Earned Premiums: (greater of)
- $500 residential structures
- $1,000 commercial buildings
- 50% of gross written premium
Exclusions
- Properties built on stilts over water
- Mobile, manufactured and prefabricated buildings
- Soft costs for construction risks
- Medical equipment, food items and perishable goods
- Contents located in basements
Wind/Hail Products
Wind/Hail Deductible Buyback
- Available in all 50 states
- In-house capacity of $20 million per location all interest (building, contents, loss of income)
- Max Limit of Liability: $1,000,000
- Minimum earned premium is generally fully earned unless otherwise agreed
(ACORD’S, SOV’s, Supplementals, Loss Runs, etc.)
If you have any questions, feel free to reach out!
Mandy Spivey
772-257-7966
[email protected]
