Neptune in the News: Neptune Flood expands into six new states

By March 14, 2019News

Insurance Business America

Neptune Flood, the first all-digital, online flood insurance company, has expanded into six new states, bringing the total number of states with access to Neptune Flood coverage to 27.

Neptune Flood is now offering policies to residents of Missouri, Colorado, New Hampshire, Rhode Island, West Virginia and Indiana, the company said.

The company’s fully automated service allows homeowners to price their home’s risk for flood in real time in order to get quotes and buy flood insurance in under three minutes. Neptune Flood also said that its flood-risk evaluation could be more accurate than those of the National Flood Insurance Program; nearly 80% of the properties flooded by Hurricane Harvey in 2017 were considered low-risk by the Federal Emergency Management Agency. Unlike some government flood maps, Neptune Flood’s mapping technology offers real-time flood-risk evaluation, the company said.

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