Specialty Perils
Orchid’s Specialty Perils programs include Wind/Hail Deductible Buyback, as well as Private Primary and Excess Flood for commercial properties. Our A.M. Best Rated carriers provide the financial stability to cover your commercial insureds.
QUOTE NOWWind/Hail Deductible Buyback
- Available in all 50 states
- In-house capacity of $20 million per location all interest (building, contents, loss of income)
- Max Limit of Liability: $1,000,000
- Minimum earned premium is generally fully earned unless otherwise agreed
Private Primary Flood
Product Highlights
- Ability to schedule multiple locations on to one policy
- Loss of income/loss of rents coverage
- Additional limits provided for improvements and betterments
- Replacement cost coverage for building & contents
Features
- Combined Building & Contents Limit up to $5,000,000
- Business Income Limits of Liability: $500,000
- Eligible properties include primary & secondary residential, commercial properties, apartments, multi-family dwellings and condominiums
- Minimum deductible: $2,500 per occurrence for buildings, $2,500 per occurrence for contents
Excess Flood
Coverage is excess of NFIP primary or equivalent self insured retention. Loss of income subject to the greater of $25,000 retention or 30 days.
Limits available/per occurrence
- $45 million over all interest (building, contents, loss of income) per risk
- $20 million condo building
- $10 million earthquake when purchased with excess flood
Minimum Earned Premiums: (greater of)
- $500 residential structures
- $1,000 commercial buildings
- 50% of gross written premium
Exclusions
- Properties built on stilts over water
- Mobile, manufactured and prefabricated buildings
- Soft costs for construction risks
- Medical equipment, food items and perishable goods
- Contents located in basements
