InsuraMatch Launches Flood Insurance Portal

BOSTON, July 23, 2014 /PRNewswire/ -- New Jersey home owners may obtain National Flood Insurance Program (NFIP) coverage through InsuraMatch, which is part of the Plymouth Rock Group of Companies.

In the coming weeks and months, the new site will expand its coverage areas to New York, Pennsylvania and nationally.

"Our mission is to help people make good decisions about their insurance," said Larry Pentis, Chief Executive Officer of InsuraMatch, which is based in Boston. "We're starting with flood insurance because regulation is undergoing a lot of change, and no one has really stepped up to help people navigate what can be an overwhelming process to get into the right plan. So we invested to develop really helpful online resources, got access to FEMA-backed insurance, and trained a specialized group of flood insurance experts to make it a lot easier."

InsuraMatch offers flood insurance policies for property owners in high-risk flood zones, and competitive rates and coverage for those who live in lower-risk flood areas. InsuraMatch has partnered with National Flood Services to provide access to the National Flood Insurance Program (NFIP), which is managed by the Federal Emergency Management Agency (FEMA), to provide both building and contents flood insurance coverage.

InsuraMatch offers a full range of online resources for those seeking quality flood insurance, including:

• Instant and customized flood risk mapping
• 24/7 personalized flood insurance quotes
• Articles and other resources
• FAQs and tips to help get the right coverage at the lowest cost
• Option to schedule a call with a flood expert for a free evaluation  

In addition to online resources, InsuraMatch is fully staffed with New Jersey-based, licensed insurance agents who have personally witnessed the devastation of major flooding events, including Superstorm Sandy in 2012. InsuraMatch agents will provide a free flood analysis, quotes, and can sign you up for the National Flood Insurance Program. Agents may be reached at 800-625-9051 from 8 a.m. to 6 p.m. ET Mon-Fri, and 10 a.m. to 3 p.m. Saturday.

Nationally, flooding is the leading cause of property damage and about 1 in 4 claims are made by property owners who are in low-risk areas. Last year, there were 42 major flood disasters across the U.S. The typical flood insurance claim averages $42,000, according to federal statistics. Unfortunately, many people find out too late that their home insurance doesn't provide coverage for damage from flood.

Recent major flooding events, including Hurricane Katrina and Superstorm Sandy, underscore the need for flood insurance. Flood insurance is required by your lender if you live in a high-risk flood zone, but many property owners in lower-risk flood areas are adding flood coverage. A policy in a low- to medium-flood risk zone can cost as little as $11 per month. Now as the 2014 hurricane season enters its second month, InsuraMatch plans to educate consumers about coverage, including that there is a 30-day wait period before flood insurance coverage begins unless you need it for a home purchase closing.

InsuraMatch is part of The Plymouth Rock Group of Companies, which writes or manages more than $1 billion in personal and commercial auto and homeowner's insurance.

SOURCE InsuraMatch