Residential Flood Insurance

What is private flood insurance?

The majority of flood coverage in the United States is written by the government. The National Flood Insurance Program (NFIP), established in 1968, offers flood coverage to homeowners, renters, and business owners if the community participates in the program. Up until 2012, banks and mortgage companies could only accept an NFIP policy as flood coverage. With the passing of the Biggert-Waters Flood Insurance Reform Act in 2012, private flood insurance companies were able to enter the market and offer alternatives to the government program, creating greater coverage options at competitive rates. A Neptune policy meets the requirements for banks and mortgage companies to accept our coverage instead of the NFIP.

Thanks to our technology, Neptune offers enhanced coverage that can save you up to 25% for the same coverage or better compared to an NFIP policy.

Lower price is not the only benefit.

Neptune’s additional coverage options allow you to tailor your policy to cover more of your assets. These flexible offerings go above and beyond the limitations of the NFIP by providing you with higher limits, shorter waiting periods, and covering valuable assets.


Dwelling Coverage

Contents Coverage

Additional Coverage

Elevation Certificate (EC)

Waiting Period

Neptune Residential Flood

Dwelling Coverage:$4,000,000

Contents Coverage:$500,000

Additional Coverage:Temporary Living Expenses, Replacement Cost on Contents, Basement Contents, Unattached Structures, Pool Repair & Refill

Elevation Certificate (EC):No

Waiting Period:No wait on real estate closing.
Otherwise, 10 days.

NFIP Residential Flood

Dwelling Coverage:$250,000

Contents Coverage:$100,000

Additional Coverage:N/A

Elevation Certificate (EC):No

Waiting Period:No wait on real estate closing.
Otherwise, 30 days.

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The Neptune Advantage

Neptune Residential Flood offers coverage to protect you for items not covered in the National Flood Insurance Program, such as the contents of your basement, structures not attached to your home such as a garage, pool house, or shed, grills and pools, and greater amounts for your home and contents.

Insurance Coverage

Temporary Living Expenses (up to $20,000)

If you are unable to live in your home, we will reimburse 75% of covered temporary living expenses incurred, up to the selected $10,000 or $20,000 limit of coverage.

National Flood Insurance Program

Replacement Cost on Contents

Contents are paid out as actual cash value (ACV). If you would like your claim settled for the replacement cost of the items at the time of the loss without depreciation, add this extra protection.

National Flood Insurance Program

Basement Contents (up to $10,000)

The NFIP only covers limited basement contents, such as wall fixtures, elevators, air conditioners, and washer/dryer.

a white outlined Icon of a house and garage with a pink background and curved edges.

Unattached Structures (up to $100,000)

Neptune will pay up to the limit purchased for all Unattached Structures combined. This limit is in addition to primary dwelling coverage.

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Pool Repair and Refill (up to $20,000)

The NFIP specifically excludes coverage for swimming pools. Neptune will cover in-ground swimming pool repair & refill costs.

Low Risk Does Not Mean Zero Risk.

Many homeowners believe that they only need flood insurance if their mortgage company or bank requires it, which is mostly when the home is located in areas categorized as “high risk” (flood zone A or V). The fact is, you don’t need to live on the coast to be at risk. Wherever it rains, it can flood, regardless of your proximity to a body of water.

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A standard flood insurance policy covers your home and contents when damage is caused by rising water. At Neptune, with our national flood insurance program, we help waterproof your assets by offering expanded, optional coverage that gives your family protection where other insurers may literally leave you “underwater.”

Standard Coverages

  • Dwelling/Building, which is the insurance on the primary home/building on the insured property.
  • Personal Contents, which is the insurance that protects the possessions inside of your home.

The coverage offered in a flood insurance policy may sound like the coverage you already have in your homeowners policy, but that’s not the case. It’s different than your homeowners insurance because a typical homeowners policy specifically excludes water damage that results from rising water. For the purpose of insurance, “rising” is the key word to distinguish flood damage from water damage.

Excess Flood Insurance

Do you have an NFIP policy but want protection above its low limits? Purchase excess coverage on top of an NFIP policy and add optional primary coverages to ensure you have protection and peace of mind.