Plain-English meaning
Flood coverage issued by a private insurer rather than through an NFIP policy.
Why it matters
Forms, limits, valuation, underwriting, lender acceptance, and availability can differ.
Where you may see it
Private carrier quotes, lender notices, policy forms, and state regulator resources.
What to verify
Flood definition, limits, deductibles, additional living expense, basement treatment, effective date, cancellation, and lender acceptance.
Do not confuse it with
NFIP coverage or water-backup endorsements.
For policy-specific meaning, read the definition and related provision in the issued policy.