Florida-based flood insurance agency National Flood Insurance (NFI) has backed a new online platform for consumers and agents to quote, compare, and purchase flood insurance policies from multiple flood insurance companies, as well as from the National Flood Insurance Program (NFIP) administered by FEMA.
The free, one-stop site, MyFloodInsurance.com, was developed by Aurora Insurance Technologies in partnership with NFI and Shoothill Software, Inc. and is aimed at giving users the ability to research and select from competitive flood insurance rates and customized coverages to protect their property in the event of flood damage.
Property owners complete three steps to generate flood coverage quotes from the NFIP and various private insurance offerings in less than one minute.
Insurance agents are given credentialed access to write flood policies from several private flood companies and one of the largest providers of NFIP policies, all of which are represented in the same portal. The selection of flood coverage plans depends on the geographic location of the property.
“MyFloodInsurance.com was created to serve the flood insurance market in response to the demand for comparison shopping and digital self-service tools that have emerged in other segments of the insurance industry,” said Amanda Bryant of Aurora Insurance Technologies. “We believe that facilitating access to flood insurance products and plans will encourage more consumers to purchase such essential protection for any property, anywhere.”
NFI was launched in Melbourne, Fla., in 2008 after Tropical Storm Fay hit the East Coast to offer flood insurance in Florida. The agency formed NFI in 2010 and expanded i nationwide. Shoothill’s software team created the United Kingdom government’s flood alert system.
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