Tokio Marine Highland doubles primary flood limits

Tokio Marine Highland increased flood insurance limits available through its TMH2O platform, raising primary residential flood building coverage from $1 million to $2 million and contents coverage to $1.3 million.

Additional updates to the product include other structures coverage up to 10% of the building limit or $50,000, pool repair and refill coverage up to $500, and $1,000 in loss assessment coverage for deductible assessments.

TMH2O residential flood coverage is available in 42 states for single-family homes, multi-family homes, condo units, and renters. Policies include no waiting period, no co-insurance penalty, and up to $50,000 in additional living expenses.

“With more than 30 years of experience writing flood insurance, TMH welcomes the recommendation and future opportunities to work with policymakers and help homeowners better protect their properties and improve flood resilience in their communities. We remain committed to helping agents educate clients on their flood risks and close coverage gaps. With fewer than 5% of homeowners carrying flood insurance — and many insufficiently insured to rebuild after a damaging flood event — TMH’s increased capacity can help you ensure clients obtain the flood protection they need.”