Reinsurance News

Zurich NA, Wright to launch residential private flood insurance

28th August 2019 - Author: Staff Writer

The North American arm of global insurer Zurich is partnering with flood insurer Wright National on a stand-alone product, due to launch in Florida on September 3, called Zurich Residential Private Flood Insurance

floodWith plans to expand coverage to 11 additional states in the future, the product allows property owners to tailor their flood insurance policy to specific needs.

Sold exclusively by Wright’s partner agents, the cover includes no waiting period, no elevation certificate required, higher dwelling limits, single deductible, and automatic replacement cost on both dwelling and personal property.

“With changing weather patterns and growing storm intensity across the country, the vast majority of homes are potentially at risk and most property owners need to consider the protection provided by flood insurance,” said Greg Massey, head of Programs for Zurich North America.

“This innovative product offering expands coverage choices and helps bring simplicity to this area of the flood insurance marketplace.”

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James R. Watje, Senior Vice President of Private Flood at Wright National Flood Insurance Services added,”We are offering flood coverage that is not one-size-fits-all.

“Each home we cover is as unique as the people living in it. That’s why we created a product that will not only help protect your home, but also has the flexibility to customize that protection.”

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