Prospect General Launches Admitted Residential Flood Program in Utah

By a News Reporter-Staff News Editor at Insurance Weekly News -- Prospect General Insurance Agency is pleased to announce the Utah launch of Flood Guard, an admitted residential flood insurance product.

Flood Guard provides innovative residential flood coverage and is an alternative to the National Flood Insurance Program (NFIP). Through its sophisticated rating algorithm and online platform, Flood Guard offers affordable coverage and the ability to quote and bind coverage in just minutes. In addition, Flood Guard offers superior 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 launch in multiple additional states by the end of the year.

"Producer and insured feedback has been overwhelmingly positive since launching Flood Guard in California earlier this year. Expanding coverage into Utah will help close the uninsured coverage gap for flood insurance and provide much needed protection and peace of mind to our customers," said Prospect General President, Ryan O'Connor.

Flood Guard is an admitted product written through Palomar Specialty Insurance Company.

Keywords for this news article include: Insurance Companies, Prospect General Insurance Agency.

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