June 11, 2018 – Neptune Flood, a data-driven insurtech, today announced the grand opening of its new digital store, Neptuneflood.com. The state-of-the-art site allows consumers to shop for flood insurance – get quotes and buy – entirely online, in three minutes or less. Floods are the costliest, and most common, natural hazard in the U.S., and Neptune gives consumers the ability to buy flood insurance right from home. “It’s a game changer,” said COO, Stephanie Lee. “The insurance industry hasn’t changed for decades, but customer expectations have. Neptune’s store is empowering customers with the tools to protect their homes in minutes, with zero paperwork.”
Today, homeowners in 21 states can buy insurance from Neptune Flood: Alabama, Arizona, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Maryland, Massachusetts, Michigan, Mississippi, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and Washington. By the end of summer, Neptune hopes to add 8 more flood-prone states. Trevor Burgess, Neptune’s Chairman said, “one of the most exciting things about Neptune is our ability to simplify the flood insurance buying process. It does not need to be so complicated and it does not need to take an hour and a half to purchase. Homeowners can buy Neptune Flood insurance online in less than three minutes. Just enter your address and see what flood insurance costs – most people will be surprised that it can be as little as one dollar per day.”
Neptune Flood launched in the fall of 2017 with technology that allows users to quote and buy flood insurance in under three minutes, has only a five-day waiting period and doesn’t require a surveyor to visit your home to generate an elevation certificate. Customers can save over one hour of time and up to 25% off their flood insurance when choosing Neptune over the government’s National Flood Insurance Program (NFIP). Neptune also offers better coverage options, including four times the building coverage (up to $1 million), replacement cost for personal property and temporary living expenses if you cannot live in your home during a covered loss – none of which is offered by the NFIP.
“We use dozens of data points to assess the risk of flooding. This allows us to give an instant price to homeowners who want to buy flood insurance. Less than 10% of American households have flood insurance, when in reality most everyone should. Now homeowners can easily buy coverage online – Life Waterproofed with Neptune.” added Neptune CEO Jim Albert.