Insurance Journal: Neptune Flood, Plymouth Rock to Offer Flood Coverage in Northeast

By June 8, 2020News

Neptune Flood, an AI-driven flood insurance company, has partnered with Northeastern auto and home insurance provider Plymouth Rock Assurance to offer flood insurance coverage through its network of independent agents.

Plymouth Rock provides coverage to drivers and property ownersa cross Connecticut, Massachusetts, New Hampshire, New Jersey, New York and Pennsylvania. Plymouth Rock leverages an online platform that lets both customers and agents get a property insurance quote in 5 seconds and, for most customers, buy a policy in about 5 minutes.

In addition, Plymouth Rock offers a number of additional coverages that enable homeowners to customize their policies, including utility service line, home systems breakdown, identity theft monitoring through CyberScout, and home cyber coverages.

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

Neptune Flood was founded in 2017 with a goal of bringing advanced analytics and ease of use to the flood insurance market. Neptune Flood’s policies are backed by global reinsurers. In January 2018, Neptune raised over $2mm in seed financing led by C1 Bank founder and former CEO Trevor Burgess who now serves as Neptune’s President & CEO. Neptune filed for a patent on its revolutionary Artificial Intelligence engine in November 2019.

Plymouth Rock Assurance and Plymouth Rock are brand names and service marks used by separate underwriting, managed insurance, and management companies that offer property and casualty insurance in multiple states. Taken together, the companies write and manage more than $1.4 billion in auto and home insurance premiums across Connecticut, Massachusetts, New Hampshire, New Jersey, New York and Pennsylvania.