That’s why we created a product that will not only help protect your home, but also has the flexibility to customize that protection.” “Each home we cover is as unique as the people living in it. Watje, Senior Vice President of Private Flood at Wright National Flood Insurance Services. “We are offering flood coverage that is not one-size-fits-all,” said James R. Similar to customization options available in standard personal lines coverages, this is the first flood coverage, admitted and regulated by the state of New Jersey, which allows property owners to tailor their flood insurance policy to their specific needs. “This innovative product offering expands coverage choices and helps bring simplicity to this area of the flood insurance marketplace.” “With changing weather patterns and growing storm intensity across the country, the vast majority of homes are potentially at risk and most property owners need to consider the protection provided by flood insurance,” said Greg Massey, head of Programs for Zurich North America. New Jersey is anticipated to face more than $10 billion in property damages due to flooding over the next 10 years – more than any other state in the United States.¹ When looking at the US as a whole, a startling 98 percent of counties throughout the nation have been impacted by flooding events.² Zurich Residential Private Flood Insurance was created to address the protection gap, which has become more urgent with the increased frequency and severity of major weather events. This first-of-its-kind, stand-alone product was launched in Florida earlier this year, and will eventually expand to 10 additional states. Responding to the need for coverage, Wright National Flood Insurance Services, LLC (WNFIS) and Zurich North America (Zurich) are launching the Zurich Residential Private Flood Insurance program throughout New Jersey on December 9. New Jersey has experienced heightened demands for new flood insurance options as the threat of sea-level rise, coastal and inland flooding intensifies throughout the state.
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