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Upstream By Joe Flood Insurance

Upstream: Underwritten by JFIB

Upstream is the MGA flood insurance program through Joe Flood Insurance Brokerage, Inc., 100% backed by Chubb European Group on A++ paper.  Upstream was created and is underwritten by the experts at JFIB to comprehensive flood insurance. Below are some coverage highlights. Joe Flood Insurance Brokerage is bringing more “UP”ortunities to clients across the country.

Superior Coverage

Our forms are broader than the NFIP. But with our JFIB endorsement, we add replacement cost loss settlement, lender compliant guarantee, $100,000 in ICC coverage, and more.

A++ Paper

Upstream is written on Chubb European Group paper, which is rated A++ by AM Best. This gives assurance of great backing to you and your clients.

Plenty of Capacity

With both primary and excess capabilities, we can write TIVs up to and over $250m with limits as high as $10m. But because Upstream can layer with other programs, the possibilities are limitless.

Primary and Excess Program Highlights:

Available Limits

  • Up to $10,000,000 building/contents combined limits for any one risk
  • 25% of building coverage for business interruption for any one risk
  • Primary and excess flood

Insurable Value Limits

  • Insurable values up to $25m at any single location
  • Insurable values up to $250m for multiple locations/schedules

Eligible Risks

  • Residential, such as 1-4 family (primary/secondary), multi-family buildings, and more
  • Commercial, such as manufacturing, hotels, warehouses, and more
  • Residential and commercial condo buildings
  • Elevated buildings in CBRA/OPA
  • Buildings under construction (case by case basis)

Waiting Period

  • No waiting periods for any policy

"UP"ortunities

  • No elevation certificates are required
  • Custom coverages included in the “JFIB Endorsement”
  • Lender compliant form
  • Replacement cost loss settlement
  • Deductibles equivalent to the NFIP
  • Upstream layers with other programs

Exclusions

  • Finished basements
  • Prior losses non-mitigated
  • 100% over water
  • CBRA/OPA non-elevated
  • Exposed to Cat 1 surge (as determined by JFIB)
  • Some other exclusions may apply
Download our Upstream information sheet
Download slides from our Upstream webinar​

The JFIB Endorsement

 The JFIB Endorsement expands the standard Upstream flood insurance forms. The endorsement adds NFIP compliant language and broader coverages that are proprietary to Upstream.

  • NFIP compliant language
  • $5,000 loss of use for residential 1-4 family dwelling and residential units
  • $2,000 of basement personal property coverage
  • Private flood lender compliant guarantee
  • Replacement cost loss settlement
  • $100,000 of Increased Cost of Compliance coverage
  • $10,000 loss avoidance. Loss avoidance expanded to include cost to board up windows and doors