What it does

CP DS 65 supplies the information that makes the Flood Coverage Endorsement work. It shows:

• The inception date of flood coverage, which starts the 72-hour waiting period.
• The description of premises or locations, and personal property in the open if covered for flood.
• The flood deductible and the No-Coinsurance Option.
• Other flood insurance, identified as primary (NFIP) or other.
• Whether the Underlying Insurance Waiver applies, and to which premises.
• The Annual Aggregate Limit.
• Single-occurrence flood limits, either as a blanket limit with the coverages it applies to (building, BPP, business income, extra expense) or as limits by location.

Quoting and selling notes

• Check the underlying insurance waiver box carefully. If it is not checked and no NFIP policy exists, the flood coverage applies only above the NFIP maximum.
• Make sure the inception date is correct on renewals and on locations added mid-term, because the waiting period runs from that date.