Personal and Commercial Flood Rebate Program
How often do you get a check from your agent returning a portion of your
premium? If the answer is never, then you have come to the right place!
Geographically, 37% of the state of Florida is in FEMA’s 100-year flood zone,
which is the second highest percentage in the region. Additionally, over the
past 30 years, 80% of the state has been in the buffer zone of category 1
hurricanes.
While we’re unable to offer this rebate on all policy lines for example
Homeowner’s or Auto Insurance, we are able to offer it on Flood policies
because they are issued through the National Flood Program, and have no
affect on your other policies.
There is a law that allows us to refund a portion of our agent commissions on
Flood policies. Florida State Statute #626.572 has strict guidelines on how and
when a rebate can be offered to a policyholder. We adhere strictly to these
guidelines.
What this means for you?
Wakefield & Wakefield is able to offer you a 12% rebate of our commissions
in a check within 30 to 60 days of binding your Flood policy.
How does this work?
All Agents writing Flood policies in the State of Florida acquire coverage
through the National Flood Program, there are no exceptions to this rule. Once
our commissions are received, we simply cut you a check for your 12% on the
total premium minus the Federal policy flat fee since commissions are not paid
on fees.
Federal policy fees are applied to every Flood policy issued through the
National Flood Program for administrative costs. These fees are as follows:
1 Unit or Single Family Dwelling~ $35.00
2-4 Units~ $70.00
5-10 Units ~ $175.00
11-20 Units~ $385.00
21 Plus Units~ $735.00
At Wakefield & Wakefield our personal goal is to be your agents of choice. To
obtain this goal, we strive to find ways to cut cost without sacrificing valuable
coverages for our family of clients. If you have any questions, or would like
more information on our rebate program, please feel free to call us. One of our
agents would be happy to walk you through the process.
*All of our carriers are A rated and in most cases you may already be insured
with one of them. This does not exclude you from the rebate program.
How often do you get a check from your agent returning a portion of your
premium? If the answer is never, then you have come to the right place!
Geographically, 37% of the state of Florida is in FEMA’s 100-year flood zone,
which is the second highest percentage in the region. Additionally, over the
past 30 years, 80% of the state has been in the buffer zone of category 1
hurricanes.
While we’re unable to offer this rebate on all policy lines for example
Homeowner’s or Auto Insurance, we are able to offer it on Flood policies
because they are issued through the National Flood Program, and have no
affect on your other policies.
There is a law that allows us to refund a portion of our agent commissions on
Flood policies. Florida State Statute #626.572 has strict guidelines on how and
when a rebate can be offered to a policyholder. We adhere strictly to these
guidelines.
What this means for you?
Wakefield & Wakefield is able to offer you a 12% rebate of our commissions
in a check within 30 to 60 days of binding your Flood policy.
How does this work?
All Agents writing Flood policies in the State of Florida acquire coverage
through the National Flood Program, there are no exceptions to this rule. Once
our commissions are received, we simply cut you a check for your 12% on the
total premium minus the Federal policy flat fee since commissions are not paid
on fees.
Federal policy fees are applied to every Flood policy issued through the
National Flood Program for administrative costs. These fees are as follows:
1 Unit or Single Family Dwelling~ $35.00
2-4 Units~ $70.00
5-10 Units ~ $175.00
11-20 Units~ $385.00
21 Plus Units~ $735.00
At Wakefield & Wakefield our personal goal is to be your agents of choice. To
obtain this goal, we strive to find ways to cut cost without sacrificing valuable
coverages for our family of clients. If you have any questions, or would like
more information on our rebate program, please feel free to call us. One of our
agents would be happy to walk you through the process.
*All of our carriers are A rated and in most cases you may already be insured
with one of them. This does not exclude you from the rebate program.
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FLOOD CARRIERS
* Harleysville Ins - NFS
* Bankers Ins
* United Ins - NFS
* Harleysville Ins - NFS
* Bankers Ins
* United Ins - NFS
6094 14th St. W.
Ste 104
Bradenton, FL 34207
PH: 941-567-4031
Fx: 941-209-3152
Ste 104
Bradenton, FL 34207
PH: 941-567-4031
Fx: 941-209-3152
Copyright 2011
Wakefield & Wakefield Insurance Advocates, LLC.
All rights reserved.
Wakefield & Wakefield Insurance Advocates, LLC.
All rights reserved.
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