Neptune Flood, a provider of private flood insurance across the United States, has expanded into Kentucky, making residential, commercial, and RCBAP flood products available in the state.
As a result, the company is now available across 49 states, as well as Washington, D.C.
Trevor Burgess, Neptune’s President & CEO, commented on the expansion: “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.”
Jean-Luc Eckstein, Neptune’s Chief Customer Officer, said: “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.
“Our team is ready to onboard Kentucky agents and get customers the coverage they need.”
In October, it was reported that Neptune Flood had crossed $200 million of premium in force, bringing the company to over 5% of the National Flood Insurance Program’s size, securing its role as the primary alternative to the NFIP.
