Neptune Flood Insurance
Neptune Residential Flood & Commercial Insurance
Neptune Flood is an online rater where you can quote & bind residential and commercial flood directly online. Neptune delivers affordable coverage in an effortless intuitive and on-demand platform.
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Non-Admitted
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A.M. Best Rating: A-
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Carrier: Lloyd's of London
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Renewals: Automatic
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Direct Bill
Send Flood Rejection
This is a new feature that helps to protect your E&O. Once you offer a flood quote to an insured and that insure rejects buying flood insurance, you can send a Flood Rejection email for the insured to sign that acknowledges you offered and they are rejecting flood coverage. Once signed, Neptune will send you a copy for your records. Also they give the insured a chance to change their mind and buy online. If they do so, you will get credit for the sale.
Residential Flood
Dwelling Coverage
$4,000,000
Contents Coverage
$500,000
Additional Coverage
Basement Contents, Pool Repair and Refill, Unattached Structures, Temporary Living Expenses
Elevation Certificate (EC)
Not Required
Waiting Period
No wait on real estate closing otherwise 10 days.
Eligibility
1-4 family dwelling, including condos for unit owners.
Ineligibility
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Properties with > 1 loss or > $25K
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Manufactured or Mobile Homes
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A building located entirely in, on, or over water
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Grandfathered or CBRA properties
Available Deductibles:
$1,000 — $1,250 — $2,000 — $5,000 — $10,000 — $25,000
Commercial Flood
Dwelling Coverage
$4,000,000
Contents Coverage
$500,000
Additional Coverage
Yes! Business Interruption up to $25,000
Elevation Certificate (EC)
No
Waiting Period
No wait on real estate closing otherwise 10 days.
Eligibility
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100,000 sq ft limitation for non-residential risks (only applies when purchasing building coverage, not for contents-only).
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Apartments and Condos (RCBAP)
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80-unit limit per building
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One policy per building
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Available Deductibles:
$1,250 — $2,000 — $5,000 — $10,000 — $25,000 — $50,000
Think your clients don't need
flood insurance?
Every state and 98% of the nation’s counties have experienced a flooding event. Still, only 4% of U.S. residents have flood insurance and only 40% of the A or V zones (FEMA designated as high risk) are insured. Why aren’t more people buying flood protection?
As the trusted expert, you can inform your client of their exposure, rather than letting them make a tragic decision based on unreliable flood maps or misconceptions surrounding flood losses. The average flood loss over the last 3 years was $73,960.
