Flood insurance, frequently asked.
Expert answers about reThought Flood® programs, coverages, and limits. Can’t find what you need? Email flood@rethoughtflood.com — a real underwriter will answer.
General FAQs
Either, or both! Excess over NFIP is treated as a high deductible. Excess over other private carriers (excluding residential) is follow form.
Yes, in our specialty department.
We price sustainably based on the risk, not the market. To do that, we model every property individually.
Over our programs, we can insure properties in any US state.
Yes.
Yes, we do not consider flood zones when underwriting.
No. We look at each property individually, including its flood-loss history.
Yes. Mitigation work completed should be included in your submission.
RCV.
Yes, coverage is contents and BI, or standalone BI through our Specialty department.
Yes, as standard.
Yes.
Submitting business FAQs
We want to make sure you have adequate time to get it through with any changes made and reviewed, so it is good to go by the effective date.
Our dispatcher, Katy (a human, not a bot!) reviews each submission. Smaller risks, typically accounts with TIVs under $300M, are assigned to your company’s dedicated underwriter. Others are passed to our Specialty team. Everyone collaborates, so you never need to wonder who’s the “right person”.
No, but if one is available, you should include it in your submission.
Commercial program FAQs
No minimum. Maximum of $300M.
Up to $10M primary and $15M excess.
$2,500.
24–72 hours.
Broad — our expert commercial underwriters have an appetite for risks that other markets won’t quote.
We love it.
Yes.
Nope, anywhere in the contiguous USA. AK and HI can be referred to our Specialty program.
We work directly with some of the world’s leading facultative markets, including at Lloyd’s.
Specialty program FAQs
No minimum or maximum. We specialize in high-limit TIVs.
We have multiple avenues of capacity with reinsurer partnerships and can layer large programs of flood capacity.
Our average MP is $50K.
Our facultative markets average a 5–7 day turnaround.
The Specialty team has an appetite for a very broad range of occupancies. We specialize in hard-to-place and complex risks. If you have a question on whether or not it is a fit, email us for a quick look or give us a call to review!
Property, Builder’s Risk, Deductible Buy Downs, and Dealer Open Lot.
Residential program FAQs
Yes, for residential risks, but high-hazard and high-value risks (over $1.5 million) are reviewed by the underwriting team before the quote is released.
Quotes expire in 30 days. Older quotes show as expired.
Yes! Visit our residential page to schedule a quick intro call, see the portal in action, and ask questions.
Renewals are sent via email (for now) within 45 days.
Up to 40% for elevations from one foot to ten feet. Submit an elevation certificate.
Yes, but not within 1,000 feet of the coast, or tri-county Florida, or barrier islands.
We do, upon request submitted via email. We do not cover docks or patios, or the contents of other structures.
We cannot cover buildings built before 1900.
15%.
Yes.
We write residential coverage excess of NFIP only, not over other private markets.
No. It never increases the premium. The more information the better.
We get down to the sticks of the structure.
We capture granular elevation data.
We do not account for flood zones and CBRA zones.
We use ‘model convergence’.
Deductible applies once, blanket for contents and building.
$2,500.
No. We rely on you to tell us.
Still have questions?
Send them to flood@rethoughtflood.com — our underwriters answer directly.