Wright National Flood Insurance Services has revealed a new residential private flood insurance option, as an extension of its ResiFlood Programme.
The solution, known as FocusFlood, is set to be written on a non-admitted basis and offered exclusively through Wright Flood agents across Florida, Texas, New Jersey, South Carolina and Louisiana.
The Florida based Insurer has integrated the latest in flood modelling technology and geospatial analysis combined with systematic decision-making to provide a granularly accurate and affordable primary flood coverage for residential property owners.
James R. Watje, chief operating officer at Wright National Flood Insurance Services, said: “FocusFlood is the newest residential private flood program that we’re excited to initially offer in these first five states.
“It provides much-needed flexibility in the flood insurance market with an immediate increase in capacity in states with the greatest need for flood protection in the U.S. We are expanding the program to reach a total of 19 states in the next few months.
“The simplicity to quote property addresses with FocusFlood is unmatched in the market. Our goal is to continue to keep agents and property owners informed about the perils of flood and the importance of having protections in place to help mitigate their risk.”
FocusFlood has implemented an expanded footprint that offers additional capacity in select states. It also provides a variety of “a la carte” coverages, giving property owners the flexibility to match coverage to their flood risks.
It is expected that this will make Wright Flood’s private flood insurance products even easier to quote and understand.
By reducing the number of application questions through the integration of third-party data and combining the latest in geocoding technology to increase the number of eligible properties, the time agents currently spend on that part of the process will be able to focus on other priority areas to support our customers.
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