8/14/2019 Flood Covg Comparison

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Coverage

Detail

Definition of

Flood

Flood Zone

Eligibility

Loss Settlement

Coverage A

Dwelling

Coverage B

Other Permanent

Structures

Coverage C

Contents

Basement

Property

Coverage

Limitations

Basement

Contents Coverage

Limitations

Special Limits

Additional Living

Expenses

Ordinance or Law

Land (Stabilization,

Evacuation or

Replacement)

Precautionary

Repairs

Debris Removal

Property Removalfor Safekeeping

Data Replacement

Fire Department

Charges

Property of

Domestic Staff

and Guests

Loss Avoidance

Measures

How We

Compare

AIG Private Client

Group broader

AIG Private Client Group

coverage provided in

NFIP low/moderate

hazard zones

AIG Private Client

Group broader

Equal to NFIP

AIG Private Client

Group broader

Equal to NFIP

AIG Private Client

Group broader

AIG Private Client

Group broader

AIG Private Client

Group broader

AIG Private Client

Group broader

AIG Private Client

Group broader

AIG Private Client

Group broader

AIG Private Client

Group broader

Equal to NFIP

AIG Private ClientGroup broader

AIG Private Client

Group broader

AIG Private Client

Group broader

AIG Private Client

Group broader

Equal to NFIP

Industry Standard

Homeowners Policies

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

National Flood Insurance Program

(NFIP)

A general and temporary condition of partial or

complete inundation of two or more acres of nor-

mally dry land area or of two or more properties

(at least one of which is your property) from:

a. Overflow of inland or tidal waters; b. Unusualand rapid accumulation or runoff of surface

waters from any source; c. Mudflow

All zones

Replacement Cost Coverage provided only on

Primary Residence; ACV on Seasonal/

Secondary

Up to $250,000

Limited to detached garages only and payment

limited to 10% of the Coverage A amount

Up to $100,000

Excludes basement improvement (walls, floor,

ceilings and fixtures); coverage limited primarily

to plumbing, electrical wiring, drywall and typical

basement utilities, such as air conditioners,

furnaces and hot water heaters

Excluded with the exception of certain appliances,

such as washers, dryers and refrigerators

NFIP will pay no more than $2,500 for any one

loss to one or more of the following kinds of

personal property: artwork, collectibles, rare

books, jewelry, furs or personal property used in

any business

Not covered

Not covered

Not covered

Up to $1,000

No sub-limit

Up to $1,000

Not covered

Not covered

Optional

$1,000

AIG Private Client Group Homeowners

Policy with Flood Coverage

A general and temporary condition of partial or

complete inundation of normally dr y land area

from: a. Overflow of inland or tidal waters;

b. Unusual and rapid accumulation or runoff of

surface waters from any source; c. Mudflow

B, C, X only

Replacement Cost Coverage

Up to $250,000

Covered within the $250,000 Coverage A limit

Up to $100,000

$25,000 for basement improvements (walls,

floor, ceilings and fixtures); coverage not limited

to specific items

Up to $10,000

Same as NFIP, but limit on personal property

used in business is $10,000

Up to $5,000 for extra living expenses, loss of

fair rental value and forced evacuation

Up to $25,000 for the extra expense to obey

any law or ordinance that regulates the repair,

rebuilding or demolition of property damaged

by flood

Up to 10% of the amount of the covered

dwelling loss

No sub-limit

No sub-limit

No sub-limit

Up to $5,000

No sub-limit

No sub-limit

$1,000

Flood Coverage Comparison

AIG Private Client Group is a division of the property and casualty insurance subsidiaries of American International Group, Inc. (AIG). Insurance underwritten by member companies of AIG. Coverage is subject to limitations and

exclusions; review the policy for a complete description of coverage provided. Coverage may not be available in all states.

84884 AMS 1.5M 11/04