The growth will make its merchandise out there within the Bluegrass State
Neptune Flood, a personal flood insurance coverage supplier, has introduced its growth into the state of Kentucky. The growth will make the insurer’s residential, industrial, and RCBAP flood merchandise out there in 49 states in addition to Washington, D.C.
“We couldn’t be extra excited to make protection out there in Kentucky,” stated Trevor Burgess, Neptune Flood’s president and CEO.
“With lower than 1% of houses in Kentucky having a present NFIP flood coverage (simply 18,000 houses), our growth into the state couldn’t come sooner,” he added.
“In response to Threat Issue by First Road Basis, over 300,000 houses in Kentucky have a higher than 25% probability of flooding within the subsequent 30 years. That’s tons of of 1000’s of houses left unprotected that may profit from Neptune,” stated Jean-Luc Eckstein, Neptune Flood’s chief buyer officer.
Neptune Flood permits property homeowners to guard their property underneath one coverage and affords elective coverages comparable to short-term dwelling bills and enterprise interruption in addition to a better safety than what the Nationwide Flood Insurance coverage Program (NFIP) affords.
The insurer additionally affords as much as $4,000,000 in residential and industrial protection and $10,000,000 in RCBAP protection.
“Our crew is able to onboard Kentucky brokers and get prospects the protection they want,” stated Eckstein.
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