Automatic replacement cost on both dwelling and personal property.Higher dwelling limits (up to $1 million).Quoted in less than 2 minutes, bound in less than 5.Admitted and approved by the state’s Department of Insurance.Other key features of this stand-alone flood insurance product include:
Thanks to its use of advanced technology, risk selection and model-based rating methods, the Zurich Residential Private Flood Insurance Program can pinpoint risk locations house by house and thereby deliver a uniquely flexible coverage offering down to each individual address. It will be sold exclusively by Wright’s partner agents, and it is one of the first flood products that is filed and approved by the Massachusetts Department of Insurance that also has the financial security of Zurich’s AM Best A+ (Superior) XV rating. Zurich Residential Private Flood Insurance can be purchased to help protect homes against the risk of Massachusetts flooding since most property policies don’t cover the peril of flood. It has previously been launched in Florida, New Jersey, South Carolina, Virginia and California, with anticipated plans to expand to additional states. The first-of-a-kind, stand-alone product opened Sept. Wright National Flood Insurance Services LLC and Zurich Insurance have launched a residential, proprietary Massachusetts admitted private flood insurance program – Zurich Residential Private Flood Insurance. Product underwritten by Zurich Insurance now available
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