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.
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)
- ÂĽ 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:
- Completed Specialty Application
- SOV with COPE info
- Loss history (if applicable)
- Target premium
Appointed Agents can visit our forms and applications page to access all required documents and submit completed forms.