Wright National Flood Insurance Company Partners with Orange Insurance Exchange
Wright National Flood Insurance Company, a leading provider in federal flood insurance, has taken a significant step by entering into a partnership with Orange Insurance Exchange. This agreement aims to co-brand flood insurance policies, enhancing coverage options for Orange's policyholders across the nation.
Service and Administration of NFIP Coverage
As part of this collaboration, Wright Flood will be responsible for servicing, administering, and issuing flood coverage under the National Flood Insurance Program (NFIP). This will effectively provide Orange policyholders with a streamlined option for securing flood insurance directly through their agents.
Experience and Commitment to Excellence
Wright Flood boasts a remarkable track record of over 40 years focused on the flood insurance industry. With a solid AM Best rating of A (Excellent), the company is widely esteemed for its commitment to quick claims responses and user-friendly technology. President Patricia Templeton-Jones expressed enthusiasm about the partnership, highlighting the ease it will bring for property owners to add flood insurance when securing homeowners' policies.
Enhancing Coverage Options for Homeowners
Templeton-Jones further emphasized that the collaboration would allow Orange agents to offer flood coverage effortlessly, hence increasing property owners' preparedness for potential flood events. Wright Flood's history as a premier provider of both NFIP flood coverage and private flood insurance options has been instrumental since 1983, when the company first participated in the Write Your Own (WYO) program.
Comments from Orange Insurance Leadership
Don Matz, Chief Executive Officer of Orange Insurance, shared his perspective on this new venture. He noted the importance of partnering with such a reputable flood insurance provider, stating that this alliance will bring invaluable coverage options to their Members. The partnership not only prioritizes access to traditional NFIP policies but also facilitates additional excess coverage through Wright National.
Encouraging Proactive Coverage Approaches
Matz advised Orange Members to consult their independent insurance agents to explore the best flood insurance quote available. With advanced flood coverage options tailored to various needs, the partnership aims to significantly enhance members' protection against flooding, ensuring they have the necessary safeguards in place ahead of adverse weather conditions.
About Wright National Flood Insurance Company
As the largest flood insurance provider in the United States and a subsidiary of Brown & Brown, Inc., Wright Flood possesses considerable expertise in the insurance landscape. The company offers a variety of insurance solutions including federal, excess, and private flood insurance, all while maintaining a strong commitment to customer service and excellence.
About Orange Insurance Exchange
Orange Insurance Exchange focuses on fulfilling the insurance needs of Florida property owners. As a reciprocal insurer, Orange operates uniquely by ensuring its Members cover each other’s risks, promoting an ethos of community and mutual support among policyholders. This new collaboration not only enhances Orange’s offerings but allows its Members to rest easier knowing they have reliable coverage.
Frequently Asked Questions
What does the partnership between Wright Flood and Orange Insurance involve?
The partnership involves co-branding flood insurance policies, allowing Orange to offer enhanced coverage options through Wright Flood's expertise.
How will this partnership benefit Orange Members?
Orange Members will gain access to traditional NFIP policies and additional excess coverage, ensuring comprehensive flood protection.
What is Wright Flood's reputation in the insurance industry?
Wright Flood is recognized for its excellent financial strength and commitment to service, specializing in flood insurance for over four decades.
Why is flood insurance important for homeowners?
Flood insurance is crucial as most homeowners' policies do not cover flood damage, thus providing necessary financial protection in the event of flooding.
How can property owners get a flood insurance quote through this partnership?
Property owners are encouraged to contact their independent insurance agents who can provide quotes and assist with obtaining coverage through Orange Insurance.
