Marsh has enhanced its Flood Service Center (FSC) facility, which is dedicated to providing clients flood coverage and includes options through the National Flood Insurance Program (NFIP).
In collaboration with Homesite Insurance in a fronting capacity and Torrent Technologies, an NFIP system provider, Marsh’s FSC will service standard flood insurance policies as part of the NFIP’s Write Your Own (WYO) program. Marsh is also working with CNC Catastrophe & National Claims, a claims adjusting firm, to provide claims services to clients in the event of a flood claim.
In addition, clients of Marsh Consumer and Marsh & McLennan Agency LLC will now have access to the flood insurance expertise, a streamlined application process and claims services of the FSC.
Under the NFIP, businesses can purchase up to $500,000 in building and $500,000 in content coverage, while individual homeowners can purchase up to $250,000 in building and $100,000 in content coverage. Additionally, Marsh’s Flood Service Center can place up to $30 million in excess of NFIP flood insurance, including business interruption.