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Russell Bond & Co., Inc.
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Russell Bond & Co., Inc.
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Excess Flood and Earthquake Insurance

In recent years, catastrophic weather events — including severe floods and earthquakes — have become more frequent and widespread. For many property owners, especially those relying solely on NFIP coverage, available limits may not be enough to fully recover after a major loss. Russell Bond & Co., Inc. provides an Excess Flood and Earthquake Insurance Program to help you place the excess protection your clients need.

Excess Flood and Earthquake Insurance from Russell Bond

Russell Bond, a specialized Managing General Agency, offers an Excess Flood and Earthquake program designed to help agents place higher limits and enhanced coverage for commercial and residential property clients. This program sits above NFIP limits to bridge the common protection gap and provide broader recovery options for catastrophic events.

Ideal Accounts and Target Risks

This program is a strong fit for agents with clients who:
  • Own high-value commercial or residential properties in flood- or earthquake-prone areas
  • Have exhausted NFIP building and contents limits
  • Require business income (loss of income) protection tied to flood or earthquake events
Typical eligible properties include:
  • Office buildings
  • Retail centers and shopping plazas
  • Multi-family housing and apartments
  • Hotels and hospitality properties
  • High-value single-family homes
We do not accept flood risks in the Virgin Islands, Louisiana (south of Interstate 10), New York (Fire Island), or Missouri (Chesterfield Flats). Earthquake coverage is excluded in California, Washington, Oregon, Alaska, Hawaii, Puerto Rico, USVI, Guam, and New Madrid Zones 2 through 5.

Coverage Highlights

Russell Bond’s Excess Flood and Earthquake program provides:
  • Aggregate limits up to $10,000,000 over insured interests
  • Coverage for both building and contents in excess of NFIP limits
  • Loss of income coverage when building and/or contents is written
  • Earthquake coverage available only when written in conjunction with Excess Flood coverage
  • Earthquake deductibles starting at $25,000 per occurrence

Please Note:

Primary flood coverage must be placed through the NFIP in order to qualify for our Excess Flood program.

Underwriting and Program Notes

This is a non-admitted excess program underwritten on an account-by-account basis. Our underwriters review exposures individually to ensure the risk aligns with program appetite and the non-admitted placement. Pricing is risk-specific and varies by location, construction, elevation, occupancy and flood/quake exposure. Earthquake coverage is offered only when paired with our Excess Flood product.

Territorial Availability

The program is available in most U.S. states, including AL, AZ, CO, CT, DE, FL, GA, IL, IA, LA, ME, MD, MA, MN, MS, MO, NV, NH, NJ, NM, NY, NC, OH, PA, RI, SC, TN, TX, VT, VA, DC, and WI. Geographic exclusions and additional state-specific restrictions apply as noted above.

Why Work With Russell Bond & Co., Inc.?

With decades of specialty property experience and access to A.M. Best–rated appetite and capacity, Russell Bond provides agents with responsive underwriting, tailored terms, and solutions for hard-to-place flood and earthquake risks. We move quickly on urgent placements and collaborate with brokers to structure excess limits and business income options that align with client exposures.

Example Account Scenarios

  • You have a coastal condo association whose NFIP limits are insufficient for full restoration costs — this program can provide layered building and contents limits plus business income coverage.
  • A mid-size hotel in a floodplain needs higher flood limits and contingent business income coverage during repair periods — Russell Bond can review and quote excess limits above the NFIP placement.
If your client owns a high-value coastal property or a commercial building with seismic exposure and has exhausted NFIP limits, Russell Bond’s Excess Flood and Earthquake Insurance Program may be an effective solution. Reach out to request a quote or to discuss a specific account.

Frequently Asked Questions

What types of accounts are a good fit for this program?

Ideal accounts include high-value commercial or residential properties in flood- or earthquake-prone areas that exceed NFIP limits or that need business income protection tied to those perils.

Is primary flood coverage required to access this program?

Yes. Primary flood coverage must be placed through the NFIP for a property to be eligible for Russell Bond’s Excess Flood Program.

Can Earthquake coverage be written on its own?

No. Earthquake coverage is only available when written in conjunction with our Excess Flood Program.

What is the maximum coverage limit available?

The program offers up to $10,000,000 in aggregate limits for both Flood and Earthquake coverage, subject to underwriting and approval.

What states are excluded from this program?

Flood coverage is not available in the Virgin Islands, southern Louisiana (south of I-10), Fire Island (NY), and Chesterfield Flats (MO). Earthquake coverage is excluded in CA, WA, OR, AK, HI, PR, USVI, Guam, and New Madrid Zones 2–5.

Need help placing an account? Connect with a market specialist.

U.S. States Available

  • U.S. States Available:
  • Provider Type:
    Managing General Agency
  • Admitted:
    0
  • Carriers:
  • Carrier Ratings:
    -
  • Commission:
    -
  • Min Premium:
    -

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CONTACT INFORMATION

LOCATION

295 Main Street , Suite 866
Buffalo, NY 14203
800-333-7226
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Russell Bond & Co., Inc. has other insurance programs like Employment Practices Liability Insurance.