Flood Insurance

Flood is one of the most significant and most frequently uninsured risks facing mobile home park operators. Standard commercial property policies universally exclude flood damage — meaning that if rising water damages your infrastructure, community buildings, or park-owned homes, your commercial property policy will not respond. Separate flood insurance is required.

The National Flood Insurance Program (NFIP) provides federally-backed flood coverage up to $500,000 per building, with an additional $500,000 in contents coverage. For smaller community facilities in moderate flood-risk zones, NFIP coverage may be adequate. However, for larger or higher-value facilities, or for communities seeking higher limits, faster claims service, or broader coverage terms, private flood insurance is worth serious consideration.

Private flood insurance has expanded dramatically in recent years, with carriers offering limits up to $10 million or more per location, coverage for business income loss from flood events, and broader definitions of covered flood damage. Contractors Choice Agency works with both NFIP program administrators and private flood carriers to find the right combination of coverage for your community's specific location and flood risk profile.