![]() ![]() Homes and businesses in high-risk flood areas with mortgages from government-backed lenders are required to have flood insurance. The NFIP works with communities required to adopt and enforce floodplain management regulations that help mitigate flooding effects.įlood insurance is available to anyone living in one of the 23,000 participating NFIP communities. Using technology and different algorithms they created software that calculates and provides flood insurance throughout the United States. The NFIP provides flood insurance to property owners, renters and businesses, and having this coverage helps them recover faster when floodwaters recede. Neptune Flood is an insurance company that only provides flood insurance. Flood insurance is a separate policy that can cover buildings, the contents in a building, or both, so it is important to protect your most important financial assets - your home, your business, your possessions. Most homeowners insurance does not cover flood damage. We strive to combine the talent and experience of our team with the flexibility of our hybrid fronting structure to underwrite great MGA’s and their programs.” – Erik Matson, Chief Executive Officer and Co-Founder at Transverse.The National Flood Insurance Program (NFIP) is managed by the FEMA and is delivered to the public by a network of more than 50 insurance companies and the NFIP Direct.įloods can happen anywhere - just one inch of floodwater can cause up to $25,000 in damage. We are excited to be supporting an excellent portrayal of the intersection of technology and insurance requirements. Neptune has approached a significant peril with great ingenuity and innovativeness. Get the coverage you need in minutes, save money and then relax knowing Neptune has waterproofed your life. Mailing by check is the suggested last option because checks. “Our relationship with Neptune is an exciting one for us. There are three ways in which you can pay for your flood insurance: You can pay online using our customer portal, you can contact one of our team members, or your agent can, to pay over the phone (727) 202-4815, or you can mail a check to the address listed on our invoice. The company demonstrates how data can be collected and utilized to develop smarter. Neptune is the fast and easy alternative to the NFIP and most of the time we can save the home or business owner money while providing superior coverage.” – Neptune CEO Trevor Burgess. Competitors: Unknown Neptune Flood utilizes advanced mapping technologies, and aerial remote sensing, to create a sophisticated algorithm that provides customers with a flood insurance policy in three minutes or less. Transverse will help Neptune to serve tens of thousands of additional homeowners and businesses. “Neptune is proud to partner with Transverse and its experienced team of underwriters and program administrators. The program will look to protect approximately $10 billion in home and business value from the catastrophic risk of flooding. 21, 2022 /PRNewswire/ - Neptune Flood, the largest private flood insurance company, today announced the results of its third annual Neptune Consumer Survey of. The $30 million premium capacity program will enable Neptune to meet the surging demand for Neptune’s flood insurance alternative to the government-backed NFIP program. Personal and commercial flood insurance provider Neptune FloodĪnnounced the launch of its latest capacity program sponsored by Transverse Insurance GroupĪnd backed by a panel of global reinsurers, which was placed through Acrisure Re (formerly Beach & Associates). ![]() Transverse Insurance Group Neptune partners with Transverse to expand flood insurance capacity We shop around to provide reliable coverage solutions, competitive rates and peace of mind that you. ![]()
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