Plymouth Rock announced this month that it has partnered with insurtech start-up Neptune Flood to offer a new flood insurance coverage through Northeast. The new flood insurance product will be offered in Massachusetts, Connecticut, New Hampshire, New Jersey, New York, and Pennsylvania via the company’s independent agency partners.
Our platforms are tailored to provide the ultimate customer experience – fast, easy, and customizable to the client, with additional coverage options,” said Bill Martin, President, and CEO of Plymouth Rock Home Insurance Group. “We are thrilled to collaborate with Neptune Flood and to leverage their technology to offer our clients a comprehensive insurance solution to better protect their homes from flooding.”
Founded in 2017, Neptune Flood dubs itself as the first AI-driven flood insurance company aimed at providing “fast, easy, and better flood insurance.” Plymouth Rock notes that the Neptune flood policy meets all of the necessary bank requirements and includes additional enhancements to the National Flood Insurance Policy including coverage for temporary living expenses, unattached structures and pool repair, and refill.
“We’re proud to partner with Plymouth Rock to provide a complete end-to-end insurance solution for homeowners. Homeowners insurance from Plymouth Rock with flood insurance from Neptune is a powerful combination to protect customers from the approaching hurricane season,” said Trevor Burgess, President and CEO of Neptune Flood.
This latest offering adds to the growing list of additional coverages Plymouth Rock is offering its policyholders to customize their homeowner policies. Other offerings include Utility Service Line, Home Systems Breakdown, Identity Theft Monitoring through CyberScout, and Home Cyber coverages.
More about Neptune Flood
Neptune Flood was founded in 2017 by insurance and technology industry veterans, including Chairman, Jim Albert, with a goal of bringing advanced analytics and extreme ease of use to the flood insurance market. Neptune Flood’s policies are currently backed by some of the largest and most secure reinsurers in the world, rated “A” (Excellent) by AM Best. In January 2018, Neptune raised over $2 million in seed financing led by C1 Bank founder and former CEO Trevor Burgess who now serves as Neptune’s President & CEO. Neptune filed for a patent on its revolutionary Artificial Intelligence engine in November 2019.
