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Excess Flood in Inflationary Times

Excess flood insurance complements primary flood insurance from the National Flood Insurance Program (NFIP). It provides coverage over the amounts offered by the NFIP.

Torrent’s Melissa Leuck, SVP Sales and Client Relationship Leader, writes in PIA about excess flood as a good option for clients to make sure homes are not underinsured due to rising real estate costs and inflation.

“A home or business can be your clients’ most valuable asset. In the event of a flood, that asset is at significant risk of damage or, in severe cases, total loss. Historically, just an inch of water can equate to tens of thousands of dollars in damage. Purchasing flood insurance is a primary defense against such devastating loss—and knowing the appropriate amount of flood coverage to buy is critical for property owners to be able to recover quickly.”

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