Neptune Flood marks major milestone

Neptune Flood marks major milestone | Insurance Business America

Neptune Flood marks major milestone

Flood insurance company Neptune Flood has exceeded 100,000 policies, the company has announced. Neptune Flood crossed the milestone on Feb. 4.

“Neptune has focused on building the best flood insurance company since its launch in 2018,” said Trevor Burgess, CEO of Neptune Flood. “Thanks to our customers and our agents for helping us hit 100,000 policies. We provide a first-class array of insurance products for home and business owners. Thanks to our outstanding team, our Triton AI platform has made quoting and binding an insurance policy faster and easier than has ever been possible.”

Neptune launched with a single offering of residential flood insurance in 2018. The company now operates in 48 states and Washington, D.C., and offers residential, commercial and condominium flood insurance products. In October, Neptune acquired Jumpstart Insurance Solutions, adding parametric earthquake coverage to its portfolio.

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“As Neptune continues to grow, we thrive off the feedback from our agent network for new products and services we can offer,” said Jean-Luc Eckstein, chief customer officer at Neptune Flood. “We’re constantly updating our product suite, like increasing our coverage to $4 million in 2020, expanding to commercial and condominium products in 2021, and just this month adding Jumpstart parametric earthquake as an option in California, Washington and Oregon. Our platform is always evolving to meet the needs of our customers and our agent network, and we cannot thank them enough for trusting Neptune.”

Neptune offers higher coverage limits than the National Flood Insurance Program and five optional coverages. The company’s private flood insurance policy meets the qualifications for bank-mandated acceptance, meaning banks must accept Neptune as an NFIP alternative when flood insurance is required.