Revolutionizing Flood Coverage: Wright National Flood Insurance Services Launches Exclusive FocusFlood Product

Wright National Flood Insurance Services (“Wright Flood”) has unveiled its latest product, FocusFlood, as an extension of its highly regarded ResiFlood program. This proprietary private flood product is available exclusively through Wright Flood agents, marking a significant step forward in the flood insurtech market. FocusFlood aims to provide accurate and affordable primary flood coverage for residential property owners, leveraging advanced flood modelling technology and geospatial analysis.

Advanced Flood Coverage

One of the standout features of FocusFlood is the integration of cutting-edge flood modelling technology and geospatial analysis, enabling the provision of granularly accurate and affordable primary flood coverage. This development by Wright Flood’s product development team represents a significant advancement in flood insurance offerings in the market. Property owners can now benefit from increased accuracy in risk assessment and more cost-effective coverage options.

Increased Capacity and Coverage

FocusFlood addresses the pressing need for increased flood protection capacity in states that are particularly vulnerable to such perils. In its initial launch, FocusFlood will cover Florida, Texas, New Jersey, South Carolina, and Louisiana, where the demand for flood protection is highest. This expansion offers additional capacity to ensure that residents in these states have comprehensive coverage for potential flood-related damages.

Flexibility in Coverage

To provide property owners with greater control over their flood insurance coverage, FocusFlood introduces “a la carte” coverages. This innovative approach allows property owners to customize their policies to match their specific flood risks. By offering flexible coverage options, FocusFlood caters to the unique needs and preferences of individual property owners, empowering them to make informed choices and acquire suitable protection.

Streamlined Application Process

Addressing the pain points associated with the application process, FocusFlood aims to streamline and expedite the procedure for obtaining flood insurance coverage. By leveraging third-party data integration and advanced geocoding technology, FocusFlood significantly reduces the number of application questions. This efficiency frees up valuable time for agents, allowing them to focus on providing support to customers in other critical areas.

Future Expansion

Following the initial launch in the first five states, FocusFlood is poised for further expansion. Next month, California, Tennessee, Hawaii, North Carolina, Georgia, Mississippi, and Pennsylvania will be added to the coverage list, ensuring that a broader range of homeowners can benefit from FocusFlood’s comprehensive protection.

The introduction of FocusFlood into the flood insurtech market marks a significant milestone in providing accurate, flexible, and affordable coverage for residential property owners. Wright Flood’s innovative approach, backed by advanced flood modeling technology, geospatial analysis, and streamlined application processes, demonstrates their commitment to customer-centric solutions. FocusFlood serves as a reminder to agents and property owners of the incessant perils of floods and the importance of having robust protection in place to effectively mitigate their risks. With this breakthrough product, Wright Flood aims to revolutionize the flood insurtech market by providing improved coverage options, increasing capacity, and delivering unmatched flexibility to property owners across the United States.

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