11/9/2023 0 Comments Martha wright flood insurance“That’s especially true in Illinois, where the frequency and intensity of these heavy rain events are also increasing. Additionally, there is a river flooding and snowmelt risk in these regions. “Increased frequency of flooding events is becoming a dangerous trend across the Midwest,” said James R. Watje, senior vice president of private flood at Wright National Flood Insurance Services. ![]() Loss of Use and Building Ordinance coverages.Automatic replacement cost on both dwelling and personal property.Higher dwelling limits (up to $1 million).Zurich policy is an admitted form approved by the IDOI.Other key features of this first-of-its-kind, stand-alone flood insurance include: Wright’s ResiFlood product is offered in 12 states, with expansion plans to introduce admitted private flood to homeowners in additional states across the county.ĭue to advanced technology, risk selection and model-based rating methods, the ResiFlood program can pinpoint risk locations house by house to deliver a highly flexible coverage offering. It also has the financial security of Zurich’s AM Best i A+ (Superior) XV rating. It will be sold exclusively by Wright’s partner agents beginning April 4, 2023, and it is filed and approved by the Illinois Department of Insurance. ![]() Wright Residential Private Flood Insurance can be purchased to protect homes against the risk of Illinois flooding since most property policies do not cover the peril of flood. ![]() In partnership with the Illinois Department of Insurance (IDOI), Wright Flood is introducing admitted private flood insurance to Illinois homeowners. Wright National Flood Insurance Services has announced its entrance into Illinois by introducing an admitted, stand-alone private flood insurance product as the next state in the continued expansion of the company’s ResiFlood program. First-of-its-kind, residential private flood coverage available beginning April 4
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