![]() ![]() Ĭollective Benefits raises £3.3m in funding Significance of development: The partnership aims to offer advanced analytics to insurers. What's happening: Milliman and Enova Decisions have announced a strategic alliance. Who's involved: Consulting and actuarial firm, Milliman,and US technology and analytics company, Enova Decisions. According to Neptune, its technology provides a two-minute process for buying flood insurance. Significance of development: Louisiana is the second largest market for flood insurance in the US given its unique geography and history of catastrophic flooding. What's happening: Neptune Flood has officially opened for business in Louisiana becoming the 39 th US state it has launched in. Who's involved: Florida-based online flood insurance company Neptune Flood. Significance of development: A 2019 consumer survey conducted by market research firm GlobalData revealed customers are already weary about having their driving assessed and smaller telematic providers will not wish to lose customer trust or business to more high-profile offerings. The spokesperson added that inevitably as with any new technology there will be "things along the way that we can learn from and improve upon". When this issue became apparent in April 2019 we acted as quickly as possible to put things right and prevent anyone else experiencing similar problems or being disadvantaged in any way." The BBC reported more than 20 young drivers have told the Victoria Derbyshire programme they experienced technical issues with the app - in some cases causing them to either have their insurance cancelled, or end the policy themselves.Ī spokesperson for Carrot told InsuranceERM: “We are extremely sorry that some of our customers have had a poor experience with our Better Driver app and telematics devices. What's happening: Young drivers have allegedly been threatened with having their car insurance cancelled due to alleged faults with Carrot Insurance’s app that aims to make policies more affordable. Who's involved: Telematics provider Carrot Insurance Residential Homes - 1-4 family dwelling, including condos for unit owners.App flaws 'drive' car insurance cancellations (However, a flood loss, even though not reported, will still count as a loss) ![]() Prior Claim - eligible if 1 prior loss less than $25,000. If you are unable to live in your home, Neptune will reimburse up to $100 each day for temporary housing and up to $35 a day for each family member residing in the home for food during this time for up to 3 months. Temporary Living Expenses - With this coverage, we will reimburse 75% of covered Temporary Living Expenses you incur, up to the $10,000 limit of coverage. Unattached Structures - Do you have a shed or in-law apartment? Select this coverage, and value needed, to provide protection for your unattached structures. The NFIP specifically excludes coverage for swimming pools. You may want to select this coverage if you have a pool. Pool Repair and Refill Coverage - Have a pool? The standard policy doesn't cover the costs associated with pool repair and refill. NFIP only covers limited basement contents, such as wall fixtures, elevators, air conditioners, and washer/dryer. *(For Replacement cost coverage to apply, dwelling value must be at least 80% of building value at time of loss).īasement Contents Coverage - With this coverage, we will reimburse 75% of covered damage to Basement Contents you incur, up to the $10,000 limit of coverage. If you would like your claim settled for the replacement cost of the items at the time of the loss, without depreciation, select this extra protection.īuilding Coverage - Up to $4,000,000. Replacement Cost on Contents - In the event of a covered loss, your policy covers your personal property (up to the amount you selected for personal property coverage) with an adjustment for actual cash value (depreciation). Higher Contents Coverage - up to $500,000. However, if you already have a EC, and it helps the price, you can use it to your benefit. A NFIP policy requires a 30 day waiting period.Įlevation Certificate - Neptune does not require it. Short Wait - If not for closing, only a 10 Day Waiting Period. No Wait - no waiting period if purchasing for a real estate closing ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |