![]() has emerged as a rare growth opportunity in an otherwise crowded P/C insurance market. Albert said Neptune will continue these relationships and look for additional insurers to partner with.Īccording to Chris Bressette, senior vice president and head of AXA XL’s North America Program business, private residential flood Insurance in the U.S. Best, including State National and Lloyd’s of London. ![]() Neptune Flood’s policies are also backed by global reinsurers rated “A” by A.M. “AXA XL is the largest P&C insurer in the world – it is a big deal for them to engage with insurtechs like us,” Albert said. He said AXA XL was interested in partnering because of its digital underwriting model. Neptune Flood offers coverage to residences in all flood zones, including non-mandatory “X” zones that have been hit so hard in recent years.Īlbert said the company wrote 10,000 policies last year and looks to increase that number three to four times by 2020. Neptune Flood offers the most comprehensive coverage for all the belongings in your house as well as additional structures on your property. The company was founded in 2016 and uses a fully-automated analytics-enabled service platform that allows homeowners to price their home’s risk for flood in real-time. Neptune offers agents and direct buyers the ability to quote and bind a flood insurance policy in minutes, using advanced data analytics to deliver a custom quote for each residence. It was previously able to offer coverage in 37 states. Visit the AM Best Rating Services site for access to this companys Best Rating, Bests Credit Report and other information. If you need coverage over like 250k then you would go to someone like Neptune after maxing out your NFIP. AM Best Affirms Credit Ratings of Globe Life Inc. It doesnt matter who you buy it from since the agents are just a middle man selling NFIP insurance. Neptune Flood offers the most comprehensive coverage for all the belongings in. It is always a good idea to speak with someone who. A lot of the reason for the mixed reviews is homes, floods and insurance coverage varies. Some indicate that they did not fee they were correctly covered while others indicated it worked as they expected. Neptune is now authorized to write coverage in all 50 states through the partnership with AXA XL. If you are not in a flood plain your insurance will cost between 400 and 500 dollars a year. Neptune Insurance reviews from people that have experienced flooding are mixed.
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