Excess Flood Insurance
Excess flood insurance provides insurance limits above and beyond a primary policy – whether written through the NFIP or a private carrier. Most homeowners that need flood insurance are in moderate- to low-risk areas and write their flood insurance policies through the government backed NFIP. However, it is important to note that NFIP policies only offer a maximum coverage of $250,000.
If it costs more than $250,000 to replace or repair your home, a standard NFIP flood policy won't be enough. Having excess flood insurance would increase your standard coverage up to an additional $10MM.
That means buying:
- A federal or private policy worth $250,000 plus
- An excess flood insurance policy for the additional coverage needed
Excess Flood limits vary based on the state you’re in, so ask your Alabama Flood Insurance agent for more details.