Neptune Flood has made a significant announcement today regarding its expansion into the state of Kentucky.
This strategic move into Kentucky aims to provide a comprehensive flood insurance portfolio in a region where there’s a pressing need for enhanced flood protection. The company’s primary focus is to address the gaps and limitations seen in the National Flood Insurance Program (NFIP), offering property owners an all-encompassing policy that covers higher limits and broader coverage options.
The newly available flood products aim to fill the void in Kentucky’s flood protection landscape.
Trevor Burgess, President & CEO of Neptune Flood, expressed enthusiasm about this expansion, stating, “We couldn’t be more excited to make coverage available in Kentucky. Neptune is now available in the contiguous United States and Hawaii, with apologies to Alaska, letting agents and customers protect property against flood risk. With less than 1% of homes in Kentucky having a current NFIP flood policy (just 18,000 homes), our expansion into the state couldn’t come sooner.”
The firm is renowned for offering residential, commercial, and RCBAP (Residential Condominium Building Association Policy) flood products, becoming available in 49 states and Washington, D.C.
Neptune Flood specialises in providing optional coverages, including temporary living expenses and business interruption, which extend beyond the scope of what the NFIP typically offers.
Their offerings, reaching up to $4m in residential and commercial coverage and $10m in RCBAP coverage, position Neptune as the preferred alternative to the NFIP.
“According to Risk Factor by First Street Foundation, over 300,000 homes in Kentucky have a greater than 25% chance of flooding in the next 30 years. That’s hundreds of thousands of homes left unprotected that will benefit from Neptune,” said Jean-Luc Eckstein, Neptune’s Chief Customer Officer. “Our team is ready to onboard Kentucky agents and get customers the coverage they need.”
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