Regime IV Insurance
While our buildings are significantly above the tidal water levels and are constructed on pilings taking living space even higher, we are in a flood plain and carry flood insurance. Each of three buildings exceeds $1 million in value, and therefore we carry a second policy covering the value in excess of $1 million.
We collect estimated combined payment in the spring (March through June) for upcoming premiums with staggered premium due dates from May through July. A small final invoice is paid in August reflecting the difference between the combined premiums estimated cost and the actual cost. Effective dates may not align within the same year as these policies are posted when they become effective.
(PLEASE BE PATIENT FOR LONGER LOAD TIME ON THESE FILES BELOW)
Flood insurance for value exceeding $1 million (be patient for long loading time)