Excess Flood Insurance Program from Safehold Special Risk
If your clients need more flood protection than the National Flood Insurance Program (NFIP) provides, Safehold Special Risk offers a smart solution. Our Excess Flood program is designed for both residential and commercial properties that require additional limits or more tailored flood coverage. With access to non-admitted markets and a focus on competitive, stable pricing—even in higher-risk areas—this program helps you place difficult flood exposures with confidence.
Ideal Accounts and Appetite
This program is an excellent fit for a wide range of residential and commercial risks that exceed NFIP limits or have unique exposures. Our underwriting team is experienced in evaluating complex risks and matching them with appropriate coverage. Target classes include:
- Residential: Single-family dwellings, multi-family homes, personal property, and detached structures
- Commercial: Office buildings, retail spaces, warehouses, and their contents
- Business Income: Coverage available for lost income and extra expenses due to flooding, within program limits
Example accounts that may be a strong fit include a client with a coastal vacation rental that exceeds NFIP caps, or a small business owner who needs to protect inventory and income in a moderate flood zone.
Coverage Highlights and Advantages
- Follows the terms and conditions of the scheduled underlying insurance
- Coverage not broader than the underlying NFIP or primary flood policy
- Pre-FIRM and post-FIRM properties eligible
- Scheduled limits up to $50 million per policy (maximum $10 million per building)
- Blanket policies available up to $25 million
Underwriting Notes and Minimum Premiums
Each submission is reviewed based on individual flood exposure, building characteristics, and location. Minimum premiums start at $500, and deductibles must meet or exceed NFIP limits.
Additional underwriting guidelines include:
- Minimum 14-day waiting period for business income claims
- Minimum $25,000 loss trigger for income coverage
- No coverage for mobile, manufactured, or prefabricated homes
- Excludes properties built over water or with inadequate venting
- Business income not covered if it exceeds 50% of the total insured value
- Accounts with a total insured value over $50 million are not eligible
Territories and Availability
Safehold's Excess Flood program is available in most states across the U.S., including coastal and inland areas, subject to some geographic exclusions. We currently do not write in:
- State of Louisiana; Sacramento and Santa Barbara Counties, CA; Monroe County, IN; Hilo, HI
- Within 5 miles of the Mississippi or Missouri Rivers
- Within 1 mile of the Hudson, Delaware, Ohio, Russian, Susquehanna, or Red Rivers
Why Work with Safehold Special Risk?
As a trusted program administrator, Safehold Special Risk brings underwriting expertise and carrier relationships that help you place hard-to-cover flood risks quickly and efficiently. We understand the complexities of flood coverage and work closely with agents and brokers to tailor solutions that meet your clients’ needs.
Whether you're working with high-value homes, commercial structures, or mixed-use properties, our team is here to help you navigate the excess flood market with confidence.
Learn more about Safehold Special Risk on our company profile or explore this program further on our Excess Flood storefront.
Frequently Asked Questions
What types of accounts are a good fit for this program?
Residential and commercial properties that exceed NFIP coverage limits, including buildings, contents, and business income coverage, are ideal candidates.
Are there any geographic restrictions for this program?
Yes. We do not write in certain areas such as Louisiana, parts of California and Indiana, and properties located too close to major rivers like the Mississippi and Missouri.
What is the minimum premium for this program?
The minimum premium starts at $500, with deductibles at least equal to NFIP limits.
Can mobile or prefabricated homes be covered?
No. Mobile, manufactured, or prefabricated homes are excluded from this program.
Does the coverage follow the underlying policy?
Yes. The excess flood policy follows the terms and coverage limits of the underlying scheduled flood insurance.
Need help placing an account? Connect with a market specialist.