Prospect General Insurance Agency has expanded Flood Guard, an admitted residential flood insurance product, into Utah.
Flood Guard is an alternative to the National Flood Insurance Program (NFIP). Through its rating algorithm and online platform, Flood Guard offers affordable coverage and the ability to quote and bind coverage quickly. In addition, Flood Guard offers coverage enhancements relative to the NFIP with dwelling coverage up to $5 million and personal property coverage up to $1 million.
Utah is the second state to launch Flood Guard. Prospect General first began writing Flood Guard in California in February 2017 and will expand into additional states by the end of the year.
Flood Guard is an admitted product written through Palomar Specialty Insurance Company.
Prospect General Insurance Agency is a program administrator formed based in La Jolla, Calif. It operates nationally and is a wholly owned subsidiary of Palomar Insurance Holdings.
Topics Flood
Was this article valuable?
Here are more articles you may enjoy.
Baldwin Group to Go Private After $7.7B Investment Deal 
Ford to Recall About 223,500 Vehicles Over Fuel Tank Issues 
Viewpoint: After 3 Years of Retreat, Insurance Capacity Is Returning to California 
AI Data Centers Are on Track to Fuel ‘Explosive’ Growth in Captive Insurance 
