New Products

Centauri Announces Launch of New Private Flood Program in 2016

Centauri is committed to continually working at rounding out its product offerings in each state. These enhancements are sure to make Centauri’s products more attractive to its agents and prospective clients. One of those enhancements is the launch of our new Private Flood programs starting in Florida during the second quarter of 2016. Once Florida is up and running, we plan to expand this program into Hawaii by the end of this year and eventually into Texas, South Carolina and the Gulf States in 2017.

Here are some features of our new Private Flood program:

  • Higher limits for dwelling and contents available: Up to $2M for dwelling and up to $500,000 for contents
  • Lower rates than NFIP’s
  • No additional federal policy fees or surcharges; some as high as 15% of the policy premium
  • No waiting period – 30-day waiting period for NFIP unless required at onset of loan
  • Companion Policy Flood Discount applies to the underlying Centauri Homeowners policy
  • Replacement cost coverage for Contents – ACV under NFIP
  • No coinsurance penalty
  • Our endorsement covers typical other structures  – NFIP only considers detached garages as other structures
  • Loss of Use including additional living expense, fair rental value, civil authority is covered – not covered in NFIP
  • Claims settlement with one company rather than dealing with the federal government
  • More deductible options
  • One flood deductible applies to dwelling and contents coverage combined – NFIP has 2 deductibles