Chubb streamlines flood insurance quoting process

Insurance
27/03/2024 News

Chubb Personal Risk Services (PRS) has introduced a new self-service Flood Insurance System, aimed at providing agents with faster access to flood quotes for homeowner policies. This system boasts an enhanced user interface and supports Chubb's personal lines business for primary and excess flood coverage, delivering quotes for low-hazard properties in under two minutes. Integrated with the Chubb Agent Portal and Masterpiece EZ Quote homeowners platform, the platform ensures seamless operation for agents nationwide.

Louis Hobson, Senior Vice President of Chubb's North America Flood Insurance Business, emphasizes the company's commitment to offering comprehensive flood protection options for clients through this investment in an improved quoting and issuance process.

Acknowledging the increasing frequency of flooding due to climate change, Chubb recognizes the necessity for robust flood protection beyond traditional disaster scenarios. Flooding can result from various events, including rain runoff, affecting any location susceptible to rainfall.

Chubb's flood insurance covers properties of all types against flood and mudflow risks, with customizable limits up to $15 million, starting at $500 annually. This comprehensive coverage addresses gaps often found in standard home policies.

In addition to the new quoting platform, Chubb offers insights on flood mitigation and prevention through its report, "Protecting your family and home from a flood." This resource equips agents and brokers with valuable information to help clients mitigate flood damage and take precautionary measures before, during, and after a flood event.

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