Wright National Flood Insurance, Zurich Launch Private Flood Product in Florida

September 12, 2019

Wright National Flood Insurance Services, LLC (WNFIS) and Zurich North America have introduced Zurich Residential Private Flood Insurance program. This stand-alone admitted product launched exclusively in Florida on September 3, with plans to expand the coverage to 11 additional states in the future.

According to the companies, Zurich Residential Private Flood Insurance was created to address a policy coverage gap that has become more urgent with the increase in frequency and severity of severe weather events.

Similar to customization options available in standard personal lines coverages, the admitted flood coverage allows property owners to tailor their flood insurance policy to their specific needs.

Coverage features include:

  • No waiting period
  • No Elevation Certificate required
  • Higher dwelling limits
  • Single deductible
  • Automatic replacement cost on both dwelling and personal property
  • Loss of use, other structures, and building ordinance coverages
  • Optional resiliency coverage (rebuilding with flood-resistive materials)

“With changing weather patterns and growing storm intensity across the country, the vast majority of homes are potentially at risk and most property owners need to consider the protection provided by flood insurance,” said Greg Massey, head of Programs for Zurich North America.

Zurich Residential Private Flood Insurance will be sold exclusively by Wright’s partner agents.

Wright National Flood Insurance Services, LLC (WNFIS) provides private flood insurance products in 11 states with plans to continue expansion, building out the flood insurance marketplace. WNFIS offers Wright’s Excess Flood coverage in 42 states and is a coverholder at Lloyd’s, offering several excess and surplus lines products with AM Best A- (Excellent) rated carriers.

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