12/13/2023 0 Comments Perks of neptune flood insurance![]() ![]() We are there when you need us, and we think that is the measure of the right relationship. Neptune Flood utilizes advanced mapping technologies, and aerial remote sensing, to create a sophisticated algorithm that provides customers with a flood insurance policy in two minutes or less. PETERSBURG, Fla., J/PRNewswire/ - Neptune Flood, the first AI-driven flood insurance company to provide fast, easy and better flood. In concert with FEMA and their Moonshot goals, Wright aims to lessen the flood insurance protection gap, help owners to recover from flood loss and build stronger, more resilient communities.īut more important than providing policies, at Wright we take pride in offering more support, greater expertise, and our ongoing commitment to partner agents and policyholders, especially at the time of flood loss. Neptune Flood Insurance 1,805 followers on LinkedIn. Through Wright National Flood Insurance Services, we have conceived and are building The Flood Insurance Marketplace™ for agents and consumers to easily find private flood insurance solutions with higher policy limits and customized coverage options. In partnership with FEMA Wright Flood provides federal flood policies to protect homes, businesses, and their contents from flood disasters and has grown into the largest flood insurance company across the country. ![]() This article was published in the January 2021 issue of Independent Agent magazine.As we have for almost 40 years, Wright provides flood insurance with leading industry expertise and extraordinary claims response, earning an A (Excellent) rating from A.M. Small Business Administration loan recipients and small and medium-sized businesses, particularly condominium associations and apartment building owners, looking to save money and properly insure their buildings.ĬOVERAGE AVAILABILITY: All U.S. “At first, agents think there must be more to the process." To quote, agents simply need to “enter an address, confirm it's not a repetitive flood loss property and they get a price-it's as easy as it gets," Burgess says. Contents under RCBAP must be in the covered residential condominium building and be owned by the unit owners in common or owned by the association solely and used for the business of the association. Elevation certificates are welcome but not required. For RCBAP, there is no coverage if the building has a basement. RCBAP is currently not offered in V zones. ![]() In V zones, there is no minimum and the maximum is 12,500 square feet. UNDERWRITING: There is no minimum and maximum square footage in X and A zones. Detached Garage this coverage is limited to no more than 10. attached bookcases, cabinets and paneling. Available deductibles are $1,250, $2,000, $5,000, $10,000 and $25,000. Coverage A Dwelling Property Coverage has a maximum limit of 2,000,000 What this typically provides coverage for: i. Additionally, unlike an NFIP policy, Neptune covers tenant improvement and betterments with no sublimit.Ĭoverage A ranges from $50,000 to $2 million and Coverage B ranges from $50,000 to $500,000, all of which are available in single-dollar increments. “Neptune brings its instantaneous quote and bind process from residential flood to the commercial marketplace, saving agents and consumers time and money."ĬOVERAGE DETAILS: Building coverage up to $2 million and contents coverage up to $500,000 with an option to add $25,000 in business interruption insurance that provides $500 a day for up to 50 days after a 14-day wait period. “It takes hours or even days to quote a commercial flood insurance policy," Burgess continues. “With nearly 50,000 residential flood insurance policies all across the United States, we listened to our agents and expanded coverage to commercial lines," says Trevor Burgess, president & CEO, Neptune. Neptune, which has previously offered flood insurance for family homes and Main Street businesses, has added a Residential Condominium Building Association Policy (RCBAP), along with policies for apartment buildings, co-ops, hotels, motels and inns. PRODUCT: Neptune Commercial Flood Insurance and Neptune RCBAP Flood InsuranceĪVAILABILITY: Available to agents and brokers appointed with Neptune.įOCUS: Neptune Flood, an artificial-intelligence-driven flood insurance company that provides fast, easy and better flood insurance, announced the expansion of its flood insurance products to now include all NFIP product types. ![]()
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