Page 1


<< WE HELP YOU MASTER FLOOD RISK AND FLOOD INSURANCE.


ABOUT Agency Flood Resources, Inc. is an excess and surplus lines brokerage firm that specializes in flood insurance and flood risk management consulting. Our mission is to help insurance agencies gain a competitive advantage by leveraging our flood expertise to deliver winning flood insurance solutions, while simultaneously minimizing their errors and omissions exposure. Let us help your agency convert flood insurance from a weakness into a strength and a nuisance into a competitive advantage. Flood is the most common and costly natural hazard peril in the United States, both historically and today. The catastrophic flood events of the last ten years have made flood expertise more important today than ever before. Our team has more than 50 years of combined flood expertise. We know the flood insurance marketplace. We know how to accurately assess and underwrite flood risk. We offer all of the flood insurance products and value-added flood risk management consulting services necessary to help your insurance agency effectively use flood insurance to gain a competitive advantage over your competitors. Our experts will help you better understand your clientsâ&#x20AC;&#x2122; flood risk and help you design custom flood insurance solutions to best satisfy the needs of your clients. We offer private market flood insurance programs that are attractive alternatives to flood insurance offered through the National Flood Insurance Program (NFIP), we offer assistance placing and proactively managing NFIP insurance for agencies without substantial NFIP expertise, and we offer many competitive excess flood markets. Additionally, we offer a comprehensive portfolio of value-added flood risk management consulting services that can help you not only deliver a winning flood insurance solution, but also help you deliver a winning property insurance solution by improving the overall flood risk profile of your clientâ&#x20AC;&#x2122;s portfolio. We are a one-stop-shop for all of your agencyâ&#x20AC;&#x2122;s flood-related needs. We look forward to leveraging our flood expertise to help you gain a competitive advantage in the marketplace.


WHOLESALE FLOOD INSURANCE Flood is the most common and costly natural hazard peril in the United States, both historically and today. The catastrophic flood events of the last ten years have made flood expertise more important today than ever before, and has made obtaining the necessary flood capacity more difficult today than ever before. Our team has more than 50 years of combined flood expertise. We know the flood insurance marketplace. We know how to accurately assess and underwrite flood risk. We offer all of the flood insurance products you need to achieve a competitive advantage over your competitors. We focus solely on flood insurance and we stay abreast of the constantly changing flood insurance marketplace. We know which flood markets are most competitive for each situation. As your trusted wholesale flood insurance broker, we will deliver the optimal flood insurance solution to you and your clients. Leverage our flood expertise to strengthen existing client relationships and to win new business. Currently we offer following flood insurance programs: • • •

<< WE FOCUS SOLELY ON FLOOD.

Private Market Flood Insurance Programs National Flood Insurance Program (NFIP) Excess Flood Insurance Programs


PRIVATE MARKET FLOOD INSURANCE PROGRAMS These exclusive private market flood insurance programs are attractive alternatives to NFIP flood insurance coverage. Take advantage of these exclusive programs to achieve a competitive advantage in the marketplace and reduce your errors and omissions exposure. Currently we offer private market flood insurance programs for: • •

Commercial Buildings Condominium Buildings

NATIONAL FLOOD INSURANCE PROGRAM (NFIP) If your insurance agency is not well versed in all of the complex rules and regulations governing NFIP flood insurance, you should leverage our extensive knowledge of NFIP’s rules and regulations to place and proactively manage your NFIP flood insurance policies. Our industry leading flood team can turn placing and managing NFIP flood insurance from a weakness into a strength and from a nuisance into a competitive advantage for your agency, while simultaneously reducing your errors and omissions exposure.

EXCESS FLOOD INSURANCE PROGRAMS The excess flood insurance marketplace constantly changes as insurance carriers enter and exit the market, as they change the geographic areas in which they write business, and get more or less competitive with their pricing. We have our finger on the pulse of the marketplace and we know which excess flood markets are most competitive at any given time for each situation.

<< WE KNOW THE FLOOD MARKETS.


<< WE ARE A ONE-STOP-SHOP FOR ALL OF YOUR AGENCY’S FLOOD RELATED NEEDS.


<< WE KNOW THE MARKET.

FLOOD RISK MANAGEMENT CONSULTING We offer a comprehensive portfolio of flood risk management consulting services, which are designed to help your insurance agency offer industry-leading flood capabilities to your clients. In the highly competitive retail insurance marketplace, you need every possible advantage to retain existing clients and to win new business. Our flood risk management consulting services are designed to enable you to easily and efficiently overcome any flood-related challenge you encounter while minimizing your errors and omissions exposure. Our highly specialized flood team is comprised of coastal engineers, civil engineers, surveyors, certified floodplain managers, insurance professionals and other flood risk management professionals who specialize in flood-related issues. Our flood risk management services will help you improve the overall flood risk profile of your clientâ&#x20AC;&#x2122;s portfolio, which will not only help you deliver winning flood insurance solutions, but also may help you deliver better property insurance programs than your competitors.

<< WE UNDERSTAND FLOOD RISK.


FLOOD ZONE CORRECTION Our flood zone correction services apply to all buildings that lenders, property insurance carriers, flood insurance carriers or insurance brokers believe are in FEMA-designated Special Flood Hazard Areas (SFHA). SFHA are 100-year flood zones, which are zones beginning with the letters A and V. The objective of flood zone correction is to remove eligible buildings from SFHA by having FEMA issue Letters Of Map Amendment (LOMA) and Letters Of Map Revision (LOMR) to reclassify buildings out of the SFHA and into the appropriate moderate risk zone (B or X-shaded) or low risk zone (C or X-unshaded). You should leverage flood zone correction service to strengthen existing client relationships and to win new business. We help you deliver substantial flood insurance cost savings and we help improve the overall flood risk profile of your client’s portfolio. Our flood zone correction service eliminates unwarranted NFIP costs and often enables you to secure more favorable flood coverage in a property insurance program.

PREMIUM REDUCTION Our flood insurance premium reduction service applies to all buildings correctly designated in Special Flood Hazard Areas (SFHA). These buildings are truly at high risk of suffering flood damage during 100-year storms according to FEMA’s rules and regulations. We leverage our proprietary research-driven underwriting capabilities and unique knowledge of flood risk and NFIP rules and regulations to find legally available credits and rate options that reduce your client’s NFIP flood insurance premium for the same exact coverage from the exact same flood carrier. Our premium reduction service helps you strengthen existing client relationships by delivering cost savings at renewal and helps you win new business by delivering cost reductions with your client proposal.

FLOOD MAP REVISION Our flood map revision service applies to any property where there is a reason to believe that FEMA’s current effective flood map and the underlying flood insurance study may be wrong. Our highly specialized engineering team will thoroughly evaluate all aspects of the underlying flood study to determine if it is right or wrong. Approximately 60% of the time, our engineers determine there are flaws in the underlying flood study. In such cases, our engineers gather the most recent and accurate data available, perform a new flood study on the subject property or the entire watershed using the most advanced flood modeling technologies, and map the results using FEMA’s flood mapping rules and procedures. In most cases, we find that the flood risk is less than what is depicted on FEMA’s current effective flood map and we work with FEMA to revise the flood map to reflect the true flood risk that exists today. Successful flood map revision projects can reduce flood insurance costs by up to 90% and can enable you to secure excess flood insurance in situations where capacity was unavailable. Leverage our flood map revision to improve your insurance agency’s client retention and client acquisition rates.


>> WE HELP IMPROVE YOUR CLIENT’S OVERALL RISK PROFILE BY CORRECTING ERRONEOUS HIGH RISK FLOOD ZONE DESIGNATIONS.


<< WE MINIMIZE YOUR ERRORS AND OMISSIONS EXPOSURE.

PORTFOLIO REVIEW Our portfolio review service provides a foundation of accurate flood zone data for your client’s entire portfolio that you and your client may leverage for the remaining years of FEMA’s two national remapping programs: Map Modernization and RiskMAP. It applies to all properties in your portfolio. When applied to an existing portfolio of properties, our portfolio review service identifies the “needles in the haystack,” which are high risk buildings nestled geographically on properties that other parties have identified as low risk. Our primary objective is to prevent uninsured flood losses by identifying all buildings that are in an SFHA and, therefore, merit NFIP or other primary layer flood coverage, as well as potentially excess flood coverage. Our portfolio review service enables you to make flood insurance recommendations that incorporate future changes to your flood zone designations that will result from FEMA’s two nationwide remapping programs. It also identifies if a property is protected by or in close proximity to a levee system, dam or other major flood protection device or system. We identify the true risk posed by the levee, dam or flood protection system, which may be very different than the risk associated with the flood zone classification shown on the current effective FEMA flood map for the area.


We deliver an accurate foundation of flood data that will minimize your errors and omissions exposure while benefiting your client for many years.

LEVEE RESEARCH Levee research services are used as a follow up service when a portfolio review identifies that a property is protected by or in close proximity to a levee system, dam or other major flood protection device or system. We identify the true risk posed by the levee, dam or flood protection system, which may be very different than the risk associated with the flood zone classification shown on the current effective FEMA flood map for the area. This data allows you to make risk-informed recommendations to your clients regarding flood insurance coverage for these locations, which may include recommending additional flood insurance on the buildings, performing construction work to mitigate the flood risk or selling the property.

ELEVATION CERTIFICATE COORDINATION Elevation certificate coordination services apply to any location where you would benefit from procuring elevation certificates for buildings that are either in a FEMA-designated Special Flood Hazard Area (SFHA: 100-year flood zone classifications beginning with letters A and V) or close enough to a SFHA to merit a thorough flood risk analysis. Elevation certificates are essential in the accurate evaluation of flood risk, frequently used to secure the best pricing for NFIP, private market and excess flood insurance, and used for most flood zone correction cases. Elevation certificate coordination services involve procuring accurate elevation certificates from third party surveyors located in the area where the subject property is located. We have a nationwide network of highly qualified surveyors who specialize in elevation certificates and we utilize an extensive quality control program to ensure that all certificates comply with FEMAâ&#x20AC;&#x2122;s rules and regulations. We make procuring elevation certificates easy and efficient. We deliver an accurate product every time which allows you to correctly insure the risk to minimize your errors and omissions exposure.


<< WE HELP YOU PROACTIVELY MANAGE FLOOD RISK AND DELIVER COST SAVINGS TO YOUR CLIENTS.


DEVELOPMENT CONSULTING It is absolutely critical to obtain guidance from experts when developing a property that is within a FEMA-designated Special Flood Hazard Area (SFHA: 100-year flood zone classifications beginning with the letter A and V). Our flood risk professionals provide expert guidance during the design phase of the development process to help your client design the building in a manner that will reduce the risk of suffering flood damage and enable it to qualify for flood zone correction after the completion of construction or, if that type of design is not viable for some reason, to minimize flood insurance premiums for the building after the completion of construction. Our SFHA development consulting services are designed to help you deliver substantial cost savings to your clients that will strengthen your client relationships and differentiate you from your competitors.

RISK MITIGATION CONSULTING Our risk mitigation consulting services are designed to help property owners reduce the risk of incurring flood losses. Our flood risk management professionals will evaluate your clientâ&#x20AC;&#x2122;s site and building to develop a mitigation plan for modifying the site and/or building to reduce the risk of suffering damage to the building and its contents as well as incurring business interruption losses. Our goal is prevent flood damage, reduce loss costs and reduce the cost of flood insurance, all of which help you with placing flood coverage for your clients.

GRANT ASSISTANCE We are aware of all grant programs available to victims of federally declared flood disasters and we can assist you and your clients with applying for grants that would help cover a portion of the cost of rebuilding a damaged structure. Since there are a lot of options available, our grant assistance services are designed to identify and evaluate all of the possibilities and help you and your clients navigate the complex grant application process. Our grant assistance services can deliver funds to supplement or reduce claim proceeds your client receives from its flood and/or property insurance carriers. Often, securing grant funds helps improve your clientâ&#x20AC;&#x2122;s loss history, which in turn help you deliver the most favorable flood and property insurance renewal terms and pricing.


NOTES

P8


© Copyright 2015 Agency Flood Resources.

>> WE WILL HELP YOU MASTER FLOOD RISK AND FLOOD INSURANCE.

Call Us Now. Toll Free: (844) 359-7468


AGENCY FLOOD RESOURCES, INC. 1801 South Australian Avenue, Suite 201 West Palm Beach, FL 33409 T (844) 359 7468 E info@agencyfloodresources.com

www.agencyfloodresources.com

Agency Flood Resources  

Wholesale flood insurance and flood risk management consulting.