Integrated Private Flood Solutions Bankers is providing integrated - - PowerPoint PPT Presentation
Integrated Private Flood Solutions Bankers is providing integrated access to Private Flood markets We are via the NFIP quote so you can offer a comparison quote to your offering access clients. Up to 20% off NFIP premiums. to a new
Bankers is providing integrated access to Private Flood markets via the NFIP quote so you can offer a comparison quote to your clients. Up to 20% off NFIP premiums. You will be contracting directly with Dual on your first bridge
5k ALE coverage available for $40 extra. On Chubb Residential policies.
Business Interruption / Loss of Rents up to 2 million available to add on to Chubb product. (30 day waiting period.) These must be purchased with Building coverage at time of binding.
Only interested in negative elevated V zones and CBRA zones.
Walk through an NFIP quote. If eligible Apply for Private Coverage will appear.
Pro Tip : If additional coverages like Loss of Income or Additional Living Expense are available you must select them on this screen. If they are not listed then the Private Flood Program qualified for does not offer it.
Pro Tip : If you see the below message then the Private Flood Program does not offer ALE or Loss of Use coverages.
Submit Summary page to Bridge over to Dual.
Check with decision maker before proceeding on E & S quote.
The PDF quote form also includes Private Flood Waiver and Surplus Lines Disclosure Acknowledgement
If you opt to Purchase you will be prompted to upload any documentation you may have. If you have not provided proper documentation, you will be directed to do so.
If you need help click on: Guide Me
Copy of the Quote and signed Application Copy of the Policy and Declarations page Within 48 hours, two emails will be sent to the agent: A copy of the Policy will be emailed directly to the insured
The program has not matched up with the private market
Leaving NFIP can make an policy ineligible for subsidy if a PRE-FIRM structure . Lender may not accept policy Flood loss could make them ineligible for private market
How is a claim filed? Notice of loss is filed directly with DUAL Specialty Property’s third party administrator. Upon receipt of the Notice of Loss, a claims specialist will be assigned to the loss, who will coordinate with their outside adjusting staff to contact the insured and initiate the claims process Claims can be submitted to the following: Peninsula Insurance Bureau 2842 Lent Road Apopka, FL 32712 Email: dual@pibadjusters.com Toll Free: 800-735-6024
Teri Lawson Director of Underwriting Office:973.631.7575 Ext. 162 Fax: 239.263.1808 Email: tlawson@dualcommercial.com Luis Calderon Underwriter Office: 973.631.7575 Ext. 163 Fax: 239.263.1808 Email: lcalderon@dualcommercial.com
Helps with retention Could cut NFIP rates as much as 20% Value differentiator for your agency
If closed for binding due to a storm, their will be on a message on Duals site advising of the closure.