Building, contents, business income, improvements, below-grade property, and outdoor property may be treated differently.
Property and Package
Commercial Flood Insurance.
A flood address is not a flood submission until the building, elevation, values, and desired structure are clear.
Commercial flood insurance can cover eligible building and contents loss caused by flood under a separate flood policy or broader property structure, depending on the form and market. Location, occupancy, construction, elevation, values, lender requirements, prior flooding, and requested excess limits shape the placement.
Placement context
Facts to confirm before applying.
Do not let the map designation do all the talking. Two buildings in the same zone can perform differently because of elevation, foundation, flood openings, equipment placement, prior water, and mitigation. Ask how water reaches the property and what happens when it does.
Coverage scope
What the coverage may address.
NFIP, private primary flood, excess flood, and difference-in-conditions structures have different forms and interaction points.
Waiting periods, deductibles, valuation, mortgagee requirements, and the definition of flood must be checked.
Placement factors
Facts that affect placement.
- High-hazard flood zones, coastal surge, riverine exposure, or repeated water events
- Values above a primary flood limit or a lender requiring a specific structure
- Basements, below-grade equipment, unusual foundations, or difficult occupancies
- A portfolio needing coordinated primary, excess, or DIC treatment
Coverage and access are separate questions
Coverage guidance does not confirm a current market route, quote, policy terms, or bind authority for a particular account.
Submission preparation
Prepare a consistent underwriting file.
Account narrative
Describe the water path, the property in that path, the mitigation between them, and the exact primary or excess result the insured and lender need.
Include these facts
- Exact address, occupancy, construction, foundation, and building description
- Flood zone, elevation information, maps, photos, and mitigation details
- Building, contents, improvements, business-income needs, and lender requirements
- Prior flood events, water losses, existing coverage, and desired effective date
Resolve these questions before market review
- Where would floodwater enter and which property sits below the likely water line?
- Is the request primary flood, excess flood, a property endorsement, or DIC?
- What does the lender require, and does that match the insured's exposure?
- Which prior water, drainage, coastal, river, or surface-water facts need explanation?
Submission errors
Avoid these three issues.
- Sending only the flood zone and replacement-cost estimate
- Ignoring contents, improvements, business income, or below-grade property
- Waiting until closing without accounting for documentation and possible waiting periods
Hedge resources
Forms and class guidance for this coverage.
Hedge-owned form
Hedge Schedule of Locations Supplement
A fillable Hedge schedule for presenting multiple premises and location-level exposure information.
Read and downloadHedge-owned form
Hedge Loss and Claims Supplement
A fillable Hedge supplement for organizing prior losses, claims, and open-claim detail for wholesale review.
Read and downloadClass appetite
Apartment buildings & multi-family
Read the public, directional class guidance and prepare for account-specific review.
Review class guidanceClass appetite
Warehouses & distribution
Read the public, directional class guidance and prepare for account-specific review.
Review class guidanceClass appetite
Single-family & 1-4 unit landlord
Read the public, directional class guidance and prepare for account-specific review.
Review class guidanceRelated coverage
Review related exposures.
Property and Package
Commercial Property
A property file is a story about what can burn, break, blow away, or stop the business.
Open coverageProperty and Package
Builders Risk
The building changes every day. The submission has to explain what exists now and what will exist at completion.
Open coverageProperty and Package
Businessowners and Package Insurance
A package works when the pieces belong together. It fails when one exposure is hiding behind the bundle.
Open coverageHedge review
Send the account for review.
You do not need a perfect packet to start. Send the account, requested line, effective date, current applications, available loss information, and the fact making the placement difficult. Hedge will separate missing information from market-ready information before any account-specific route is confirmed.