There are maximum limits available through the NFIP as currently authorized by Congress. In essence, you cannot sell more than this coverage through the NFIP or a WYO company.
Currently, in Regular Program communities, the maximum limit for all one- to four-family residential buildings is $250,000, and contents coverage is limited to $100,000.
The maximum coverage limit for non-condominium residential buildings with five or more units (classified as Other Residential) is $500,000 with a contents maximum limit of $100,000.
For Non-Residential Business and Other Non-Residential buildings, the maximums are $500,000 each for building and contents.
Available limits for the entry-level Emergency Program communities are much lower.
Agent Tip: If the insured needs more coverage, there are excess flood markets available through private carriers.