Cannasure has multiple flood coverage offerings to protect your cannabis clients from water damage that’s currently excluded in the typical property coverage form – including named storm, heavy deluge, “wrong place, wrong time” or any number of reasons excess water overwhelms an area and eventually your client’s structure, operations, building & contents.

PROGRAM HIGHLIGHTS:

  • Up to $15M per location or single building coverage
  • Max TIV up to $100M at up to 30 locations
  • Separate BPP/Contents AND Tenant Improvements/Betterments coverage available (within max TIV)
  • Flexible deductibles
  • RCV to max limit
  • Business interruption/income coverage (up to 10% of max limit)
  • Usually written as Primary coverage, but Excess option available too
  • Some appetite exclusions exist
  • Prior losses are reviewed on case by case basis
  • No waiting period to be effective
  • All 50 states except Louisiana south of I-10

KEY EXCLUSIONS:

  • Individual machinery or item valued over $100,000
  • Industry Property (ie, Cannabis inventory)
  • ¼ mile minimum distance to tidal water

SUBMISSION REQUIREMENTS:

  • Completed application
  • SOV with COPE info
  • Loss history (if applicable)
  • Target premium

“A+” RATED CARRIER (VIA A.M. BEST)

Download as PDF

Flood Coverage Application

1. Please download and fill out the pdf application:

Private Flood Insurance Application

2. Submit the completed application below:

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