NFS Edge Launches Flood Coverage Option for Condo Associations

December 16, 2015

NFS Edge Insurance Agency, Inc., a unit of Aon National Flood Services, Inc., through its Insurmark division has launched a new private flood insurance alternative to the Residential Condominium Business Association Package (RCBAP) for condo associations located in high flood risk areas. The NFS Edge private alternative delivers coverage for small to mid-sized condominium associations at a competitive rate.

Created for condo associationsof up to $50 million in value, the private alternative offers $5 million in primary flood coverage, a significant increase over the RCBAP, with excess options available. The private alternative is designed for associations in high risk and coastal areas. Additionally, this product frequently requires less information and is easier to underwrite and quote the coverage.

NFS Edge Insurance Agency, Inc., is the largest processor serving insurance companies participating in the NFIP. NFS Edge offers a suite of insurance products such as, manufactured homes insurance, deductible buy-down, mini-wind, EZ Flood, FloodWrap and Excess Flood.

Topics Flood New Markets

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