Neptune Flood Incorporated, an insurtech firm focused on the flood market, has announced the expansion of its insurance products to now include all NFIP product types.
Neptune President & CEO, Trevor Burgess commented: “Building off of the successful launch of our commercial flood insurance product this summer we are excited to round out the product suite to be able to serve the flood insurance needs of nearly all US households and businesses.
“RCBAP makes up a large part of the flood insurance marketplace and there is no reason agents and association managers should have to suffer through the traditional slow, paper-laden purchase process to buy flood insurance.”
Jean-Luc Eckstein, Neptune’s Executive Director added: “With coverage of up to $2 million dollars per building we are able to save money for small and medium sized associations with up to 20 units per building.
“Neptune’s AI driven engine allows agents and consumers to quote and bind flood insurance in under two minutes. That’s unheard of especially when it comes to commercial flood insurance and RCBAP.”
Earlier this year, the insurer had announced that it had increased its capacity at Lloyd’s via new strategic underwriting partnerships.
