Prospect General Launches Admitted Residential Flood Program in Utah

LA JOLLA, Calif., Sept. 7, 2017 /PRNewswire/ -- Prospect General Insurance Agency is pleased to announce the Utah launch of Flood Guard, an admitted residential flood insurance product. 

Flood Guard provides innovative residential flood coverage and is an alternative to the National Flood Insurance Program (NFIP).  Through its sophisticated rating algorithm and online platform, Flood Guard offers affordable coverage and the ability to quote and bind coverage in just minutes.  In addition, Flood Guard offers superior coverage enhancements relative to the NFIP with dwelling coverage up to $5 million and personal property coverage up to $1 million.

Utah is the second state to launch Flood Guard.  Prospect General first began writing Flood Guard in California in February 2017 and will launch in multiple additional states by the end of the year.

"Producer and insured feedback has been overwhelmingly positive since launching Flood Guard in California earlier this year.  Expanding coverage into Utah will help close the uninsured coverage gap for flood insurance and provide much needed protection and peace of mind to our customers," said Prospect General President, Ryan O'Connor.  

Flood Guard is an admitted product written through Palomar Specialty Insurance Company.

For more information on Flood Guard, please visit:
https://www.prospectgeneral.com/insurance_products/flood-guard/

About Prospect General Insurance Agency
Prospect General Insurance Agency (www.ProspectGeneral.com) is a Program Administrator formed to be an advocate for both producers and insureds.  Prospect seeks to provide modern-day solutions for traditional and emerging risks by working hand in hand with its partners to create highly desirable insurance products.  The company is based in La Jolla, California, operates nationally and is a wholly owned subsidiary of Palomar Insurance Holdings.

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SOURCE Prospect General Insurance Agency