Neptune Flood, an AI-driven flood insurance company in the US, has partnered with SIAA, an independent insurance agency alliance.
Neptune provides flood coverage with limits eight times the level of the National Flood Insurance Program (NFIP).
The InsurTech also provides multiple additional coverage options such as temporary living expenses, unattached structures, pool repair and refill, replacement cost on contents, and basement contents for homeowners, and business interruption coverage to help businesses recover from a flood event.
The partnership will see SIAA member agencies access Neptune Flood through SIAA MarketFinder, SIAA’s online member-only portal for difficult-to-place and specialty risk markets.
Trevor Burgess, president and CEO of Neptune Flood, said, “Neptune Flood makes it fast and easy for agents to obtain flood insurance for their customers while also providing superior coverage to the traditional NFIP.
“As the largest nationwide alternative to the NFIP, Neptune is uniquely positioned to meet the scale and needs of SIAA member agencies and their customers. We are honoured to partner with SIAA.”
Neptune Flood purchased Jumpstart Insurance Solutions, a parametric insurance company, for an undisclosed fee, last year.
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