Optional Resiliency coverage (rebuilding with flood-resistant materials to decrease the impact of future floods)įurther expanding the flood insurance marketplace in Virginia, Wright will also be offering the Hiscox FloodPlus residential program.Loss of Use, Other Structures, and Building Ordinance coverages.
Automatic replacement cost on both dwelling and personal property.Other key features of this first-of-its-kind, stand-alone flood insurance include: Thanks to its use of advanced technology, risk selection and model-based rating methods, the Wright Residential Private Flood Insurance Program can pinpoint risk locations house by house and thereby deliver a highly flexible coverage offering. The Wright Residential Private Flood Insurance Program, which was previously launched in Florida, New Jersey and South Carolina, is offered exclusively by Wright’s partner agents and is backed by insurance carriers with AM Best ratings of A- (Excellent) or higher. “We are pleased to provide Virginia property owners with the flexibility to custom tailor their flood insurance policy to their specific coverage needs.” Watje, Senior Vice President of Wright National Flood Insurance Services.
“WNFIS’ mission is focused on expanding the flood insurance marketplace with the addition of innovative private flood offerings that are as unique as the homes they were created to cover,” said James R. The company now offers Hiscox FloodPlus in a dozen states and Wright Residential Private Flood Insurance in four states, with plans to continue expansion throughout the U.S. Wright National Flood Insurance Services (WNFIS) today announced the introduction of two private flood insurance products to Virginia residential property owners to help address the state’s flood protection needs: Wright Residential Private Flood Insurance Program and Hiscox FloodPlus. Wright Residential Private Flood Insurance and Hiscox FloodPlus programs a vailable starting August 10
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