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Customer Service: 877-858-7445
Does your policy provide coverage for damage caused by flood? It could! With SafePoint's new Flood and Water Back Up Endorsement, flood can become a covered peril on your policy.
More than 20% of flood claims come from properties outside high-risk flood zones
1 inch of water can cause $25,000 of damage to your home
Floods are the most common natural disaster in the US
Adding the Flood and Water Back Up Coverage Endorsement is easy. All you have to do is contact your agent or give us a call at 877-858-7445. The coverage does come with an additional premium. The premium is determined by the flood zone where your property is located. If you are in a flood zone there is a chance that the flood endorsement could be lower than your current Flood policy. If you are not in a flood zone your premium could be as low as $200.
There are several other benefits to the SafePoint flood endorsement:
Dwelling coverage on your home is the full replacement cost on your policy
Personal Property Coverage is the full replacement cost on your policy
Includes $5000 water back-up or Sump overflow coverage
No Elevation Certificate required
No waiting period for new policies. Current policies can add coverage at the renewal date
One Adjuster for all losses
| Coverage Description | SafePoint Flood Insurance | National Flood Insurance Program (NFIP) |
| Flood Coverage | Optional Coverage that can be added to Existing or New SafePoint Homeowners Policies | Separate Policy Issued and Administered by NFIP |
| Flood Definition | 1 Property or 1 Acre | 2 Properties or 2 Acres |
| Coverage A - Dwelling (Your Home) |
Dwelling amount on your policy Full Replacement Cost | $250,000 Maximum |
| Coverage B – Other Structures (Detached Structures on Your Property - Certain Structures are excluded) |
Coverage amount selected on policy. (2% - 10% of Coverage A Full Replacement Cost) | 10% of Coverage A |
| Coverage C – Personal Property | Coverage Amount Selected on your policy. (Full Replacement Cost) | $100,000 Maximum Actual Cash Value |
| Coverage D – Additional Living Expense (If you are displaced from your home) |
Coverage amount selected on your policy: 10% of Coverage A | No Coverage |
| Water Back-up or Sump Overflow Coverage | $5,000 Included | No Coverage |
| Deductible | One Deductible depending on the cause of loss. Either All other Peril or Windstorm. | Potentially 2 deductibles.
(Structure and/or Contents) |
| Secondary Residence Surcharge | None | $250 |
| Elevation Certificate | Not Required | Required to get a policy You will have to pay for the certificate. |
| Waiting Period | No waiting period for New policies. Current policies can add coverage at renewal date. | 30 day waiting period for new policies. |
| Claims Handling | One adjuster for all losses | Separate adjuster for Flood losses |
Flood and Water Backup coverages are determined by the language in the endorsement.
If you have a mortgage on your home, our Flood endorsement has been certified by the Florida Office of Insurance Regulation: This "flood coverage endorsement" is guaranteed to provide coverage for the peril of "flood" which equals or exceeds the "flood" coverage offered by the "National Flood Insurance Program (NFIP)". To the extent any provision within this endorsement fails to provide such coverage, such provision is hereby amended to provide coverage for the peril of "flood" which equals the "flood" coverage offered by the "National Flood Insurance Program".
This "flood coverage endorsement" meets the private "flood" insurance requirements specified in 42 U.S.C. s. 4012a(b) and does not contain any provision that is not in compliance with 42 U.S.C. s. 4012a(b).
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