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.

Flood Overview

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The target classes and typical risks we focus on for this program are:

  • Dispensaries
  • Cultivators
  • Processors/ Manufacturers
  • Landlords/ LROs
  • Testing Laboratories

The available coverages of this program include:

  • 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)
  • RCV to max limit
  • Business interruption/income coverage (up to 10% of max limit)
  • Usually written as Primary coverage, but Excess option available too
  • All 50 states except Louisiana south of I-10

 

KEY EXCLUSIONS:

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

The highlighted features of this exclusive program include:

  • Flexible deductibles
  • Prior losses are reviewed on case by case basis
  • No waiting period to be effective

The submission requierments of this exclusive program include:

SUBMISSION REQUIREMENTS:

Appointed Agents can visit our forms and applications page to access all required documents and submit completed forms.

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