LA JOLLA, Calif., Dec. 5, 2017 /PRNewswire/ -- Prospect General Insurance Agency ("Prospect General") is pleased to announce the Oregon launch of Flood Guard, an admitted residential flood insurance product.
Flood Guard provides innovative residential flood coverage and is an alternative to the National Flood Insurance Program (NFIP). Through its sophisticated rating algorithm and user friendly online platform, Flood Guard offers affordable coverage and the ability to quote and bind coverage in just minutes. In addition, Flood Guard offers superior coverage enhancements relative to the NFIP with dwelling coverage up to $5 million and personal property coverage up to $1 million.
Flood Guard is also available in California, Arizona, and Utah and will continue to expand into additional states through 2018.
"The successful rollout of Flood Guard into four states within our first year highlights our belief that the private admitted market can provide much needed relief and additional capacity to a struggling flood market. With additional expansion states set for 2018, we hope to become the first choice for consumers looking to insure against flood," said Prospect General President, Ryan O'Connor.
Flood Guard is an admitted product written through Palomar Specialty Insurance Company.
For more information on Flood Guard, please visit:
About Prospect General Insurance Agency
Prospect General Insurance Agency (www.ProspectGeneral.com) is a Program Administrator formed to be an advocate for both producers and insureds. Prospect General seeks to provide modern-day solutions for traditional and emerging risks by working hand in hand with its partners to create highly desirable insurance products. The company is based in La Jolla, California, operates nationally and is a wholly owned subsidiary of Palomar Insurance Holdings.
Prospect General Insurance Agency
Phone: (619) 597-1188
SOURCE Prospect General Insurance Agency