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INSURANCE CARRIER

Selective Flood Insurance

Private flood insurance with higher limits and flexible underwriting, an alternative to federal NFIP.

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RATINGS & OVERVIEW

How This Carrier Rates

AM Best

A Excellent

JD Power Personal

Flood specialist, outside the standard home insurance study scope.

JD Power Commercial

NAIC Complaint Index

Tracks below the industry average for the specialty segment.

Selective Insurance is rated A Excellent by AM Best and writes personal and commercial lines through independent agents. In personal lines, Selective is one of the admitted markets for flood insurance, offering private flood policies that compete with NFIP on price and coverage for preferred-risk properties. They also write standard homeowners and auto.

WHY CHOOSE THEM

What This Carrier Does Well

Strength 1

Higher dwelling and contents limits than NFIP's $250K/$100K caps

Strength 2

More flexible underwriting than NFIP, faster bind process

Strength 3

Claims process typically faster than NFIP bureaucratic timeline

LIMITATIONS TO KNOW

Where They Fall Short

Weakness 1

Pricing not subsidized like NFIP; may be more expensive for true high-risk properties

Weakness 2

Single-product carrier for most retail clients; no home or auto option

Weakness 3

Flood-only specialist for most retail placements; not a primary homeowners or auto option, so clients need a separate carrier for the rest of their personal lines coverage.

Best Fit For

Georgia homeowners in FEMA flood zones AE, A, or V (mandatory flood with a secured loan), homeowners near rivers or low-lying areas wanting protection even outside flood zones

Not A Good Fit For

Non-standard risks, older properties, high-value estates, or commercial accounts. Selective focuses on the preferred personal and small commercial standard market.

APPETITE & COVERAGE

What They Write

Coverage Types

Private flood insurance (primary and excess over NFIP), commercial flood

Best Pricing For

Selective is competitive for preferred homeowners with newer roofs, bundled home and auto, and clean claims history in North Atlanta suburban markets. Pricing is strong for the standard preferred segment.

Admitted Status

Admitted in Georgia. Licensed and regulated by the Georgia Department of Insurance. Policies are backed by state guaranty fund protections up to applicable limits.

CLAIMS & PRICING

What to Expect

Claims Experience

Established commercial and flood insurance claims infrastructure. Private flood claims often process faster than NFIP due to less bureaucratic process.

Pricing Context

Often competitive with NFIP for preferred-risk properties. Can be more expensive than NFIP for high-risk coastal properties where federal subsidies apply. We compare both.

vs Competitors

Primary comparison is NFIP (federal flood program). Selective wins on higher limits, private flood for homeowners above NFIP cap, and claims speed. NFIP wins on high-risk coastal properties with subsidized premiums and clients needing basic coverage only.

File a Claim

Call to report a claim:

Phone unavailable

STATE AVAILABILITY

Where They Write

States Available

Georgia and most US states for flood

Personal Lines States

GA and most US states

Commercial Lines States

Do We Work With Them?

Yes

Selective writes Georgia flood broadly. Strong fit for coastal Georgia (Tybee, Savannah, St. Simons), Chattahoochee River floodplain properties, and any Georgia home in FEMA Zone AE where a secured loan requires flood. Also writes Preferred Risk Policies in low-risk zones where homeowners want protection NFIP's limits cannot provide.

Common questions

Can my insurance carrier deny my claim?

Yes, for specific policy reasons that must be in writing. You can challenge a denial.

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What is a recorded statement and should I give one?

An on-record interview the carrier uses for the file. Give one, but prepare first and never speculate.

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What happens after I report a claim to my insurance carrier?

Acknowledge, assign adjuster, investigate, decide. Most carriers move within 7-30 days for routine claims.

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Do I have to use the carrier's preferred contractor?

Usually no. Most policies let you choose any licensed contractor, though preferred shops have their own benefits.

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