NATIONAL FLOOD INSURANCE MAY BE INADEQUATE
Flood Guard can fill the gap by providing primary and excess coverage up to $5,000,000 in dwelling coverage.
DISPLACEMENT FROM A FLOOD
Flood Guard will pay up to $50,000 in Loss of Use coverage for living arrangements for you and your family while your home is repaired.
Flood Guard is ideal for California homeowners who may or may not have an existing NFIP policy (National Flood Insurance Program), but are looking for a more affordable and flexible flood insurance alternative.
Available in all California NFIP-designated flood zones, Flood Guard is also ideal for those homeowners who are concerned about flood hazard and would like to purchase affordable primary or excess flood coverage.
|Coverages & Guidelines||Prospect General Flood Guard||NFIP|
|May be required|
|Coverages (A la carte)|
|Dwelling Coverage||Limit up to $5,000,000||Limit up to $250,000|
|Personal Property||Limit up to $1,000,000||Limit up to $100,000|
|Artwork, photographs, collectibles, jewelry etc.||Same as NFIP||Sub-limit up to $2,500|
|Loss of Use||Up to $50,000||N/A|
|Other Coverages (Sub-limit)|
|Debris Removal||$500K or Cov. A limit (whichever is less)||Up to $250,000|
|Loss Avoidance Measures||Same as NFIP||$1,000|
|Increased Cost of Compliance||Same as NFIP||$30,000|
|Replacement Cost Value||Optional Endorsement||N/A|
|Deductible||Fixed Deductible as low as $500 (single-site)||Fixed Deductible as low as $1,000|
|Waiting Period||None (Subject to Weather Moratorium)||30 Days|
|Occupied||Must be Occupied (By Owner or Tenant) Year-Around||Primary and Non-Primary Residence|
|Claims History||No Flood Claims in the past 10 years||Subject to Repetitive Loss Surcharge|
|Rating||Proprietary Rating System||Based on NFIP Flood Zone|
|Accepted by Mortgages||Same as NFIP||Yes|
|Excess Policy Option||Yes||N/A|
|Acceptable Occupancies||1 – 4 unit family dwellings|
|Restrictions||Building not vacant more than three weeks per year
No flood loss in 10 yrs., and no flood loss excess of $150,000
No mobile or manufactured homes
No homes located in, on, over water, or seaward of mean high tide