LA JOLLA, Calif., Oct. 31, 2017 /PRNewswire/ -- Prospect General Insurance Agency ("Prospect General") is pleased to announce the Arizona 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.
In addition to Arizona, Flood Guard is available in California and Utah. Flood Guard will continue to expand into additional states through 2018.
"Prospect General invests heavily in analytics as it rolls out Flood Guard in each state it enters. Arizona marks the third state we have launched this year. Our thoughtful and granular approach to ratemaking allows us to offer superior coverage at an affordable price. With Flood Guard filings pending in additional states, we will continue to execute our expansion strategy through the fourth quarter and into 2018," 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
Email: [email protected]
SOURCE Prospect General Insurance Agency