New self-service Flood Insurance System for homeowner
policies features enhanced user interface
WHITEHOUSE STATION, N.J., March 27,
2024 /PRNewswire/ -- Chubb Personal Risk Services
(PRS) announced today the launch of a new self-service Flood
Insurance System for agents that will seamlessly support its
personal lines business for primary and excess flood and will
provide quotes for low-hazard properties in under two minutes. This
new platform will integrate with the Chubb
Agent Portal and Masterpiece EZ Quote homeowners
platform.
Agents will benefit from working directly with Chubb as a single
point of contact for faster access to flood quotes and an enhanced
user interface. The system will be available across all U.S. states
where Chubb writes flood insurance.
"We made a significant investment to create an exceptional
quoting and issuance process for agents and to ensure we can offer
complete flood protection coverage options for clients," said
Louis Hobson, Senior Vice President
of Chubb's North America Flood Insurance Business.
Flooding Isn't Just Caused by Natural Disasters
The frequency of flooding is increasing with changing climate
conditions, including in many areas historically not prone to it.
While commonly associated with major weather disasters, flooding is
also linked to less obvious events such as rain runoff, which can
severely impact any location. The unpleasant reality is that
wherever it can rain, it can flood.
Hobson added, "Standard home policies often exclude any surface
water that enters your home. The most common cause of flooding
damage isn't linked to an extreme weather event - it can be as
simple as rain runoff that accumulates too quickly."
Chubb recognizes that all properties are at risk from flooding -
regardless of their location. Through Chubb's flood insurance,
agents and brokers can help clients increase their protection
against the risk of flood for their property and possessions. The
carrier provides customized limits that meet clients' needs,
whether its coverage that protects against flood or mudflow, with
limits as high as $15 million.
Coverage can start for as low as $500
a year.
In addition to providing agents with an improved tool to quote
flood insurance, Chubb has shared insights around how to mitigate
and prevent flooding. The carrier recently published a report,
"Protecting your family and home from a flood," where agents and
brokers can gain insights around how flood damage can be further
mitigated and what precautionary measures clients can take before,
during, and after a flood event.
About Chubb
Chubb is a world leader in insurance. With operations in 54
countries and territories, Chubb provides commercial and personal
property and casualty insurance, personal accident and supplemental
health insurance, reinsurance and life insurance to a diverse group
of clients. As an underwriting company, we assess, assume and
manage risk with insight and discipline. We service and pay our
claims fairly and promptly. The company is also defined by its
extensive product and service offerings, broad distribution
capabilities, exceptional financial strength and local operations
globally. Parent company Chubb Limited is listed on the New York
Stock Exchange (NYSE: CB) and is a component of the S&P 500
index. Chubb maintains executive offices in Zurich, New
York, London, Paris and other locations, and employs
approximately 40,000 people worldwide. Additional information can
be found at: www.chubb.com.
View original
content:https://www.prnewswire.com/news-releases/chubb-launches-new-platform-to-give-agents-quicker-access-to-flood-quotes-302100639.html
SOURCE Chubb INA Holdings