As severe weather events increase in frequency and intensity, flooding is a growing risk in many areas of the
With 98% of
"With changing weather patterns and growing storm intensity across the country, we need to recognize the vast majority of homes are potentially at risk and most property owners need to consider the protection provided by flood insurance," said
By expanding coverage options and offering customization similar to the model of many personal lines of insurance,
This new insurance offering will be sold exclusively by Wright's partner agents and it is the only admitted stand-alone private flood option currently backed by an insurance provider with an A+ rating from AM Best.2
While the costs of flooding triggered by recent severe weather events have been well documented, it doesn't take a major event to significantly impact property. Just a few inches of water can cause hundreds of thousands of dollars in damage. This coverage offering was created to help residential property owners plan for better outcomes when flood risk becomes a reality.