Neptune Flood Insurance Offering Coverage in Louisiana

In the Media

2 min read · Feb 25, 2020

Neptune Flood, an all-digital, online flood insurance company, has officially opened for business in Louisiana.

Louisiana is Neptune’s 39th state and is the second largest market for flood insurance in the United States given its unique geography and history of catastrophic flooding.

Neptune brings its Triton risk selection and pricing engine to Louisiana well in advance of hurricane season so that Louisianans can prepare.

Neptune said its technology allows for a two-minute process for buying flood insurance with no elevation certificate required. Its advanced modeling and analytics allow it to price appropriately for risk even in the most complex environments.

Homeowners in a high-risk flood zone, A or V, and who have a mortgage are required to have flood insurance. However, as history has proven, homeowners should not be lured into a false sense of security if they are outside of the “high-risk” flood zones and think a flood insurance policy is not needed.

Hurricane Katrina caused $13.1 billion in flood insurance losses in Louisiana paid by the NFIP and the average flood claim was over $97,000

Throughout the United States, 25% of all flood claims were located outside of “high risk” A and V zones meaning X zones are also at risk

Neptune’s flood insurance policies are sold by agents and directly online at

The Neptune flood policy meets the requirements to be accepted by all banks and has many optional enhancements to the standard NFIP policy such as coverage for temporary living expenses, unattached structures and pool repair and refill.

Neptune Flood was founded in 2017 by insurance and technology industry veterans, including Chairman Jim Albert, with a goal of bringing advanced analytics and extreme ease of use to the flood insurance market.