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Flood Insurance & E&O Exposure

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Posted on 20 Nov 03

If you are not currently writing Flood Insurance, you may be leaving yourself open to an E&O claim and also leaving your customers exposed to a large uncovered loss. Flood losses are not covered by a homeowners policy and are only available through the National Flood Insurance Program (NFIP).

Storefront Owner National Interstate Insurance Co. http://www.programbusiness.com/tracking/sftracker.asp?SFid=245 is a Write Your Own (WYO) company for the NFIP and has developed a system that makes it easy to write Flood Insurance. Plus, their underwriters have on average16 years of experience.

If you are currently writing through another WYO carrier, read on to learn why many of the largest Flood specialists have decided to place their Flood business with National Interstate.

Their "NIFlood" system allows agents to write and manage flood policies by utilizing state of the art technology to allow them to quickly and efficiently provide their customers with quotes and process their applications.

The system is provided through the Internet with built-in business intelligence. This means:

  • No more taking the time to load software.

  • Rates and community files are always current.

  • The ability to do business from your clients location.

  • One button submission of applications.

  • Ability to process quotes in 5 minutes or less.

    • Process endorsements and make payments on-line.

Protect yourself (from E&O) and your clients (from loss) by investigating the WYO Flood Program with National Interstate. Learn more by visiting their storefront at: http://www.programbusiness.com/tracking/sftracker.asp?SFid=245

 
 


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