Integrated Private Flood Solutions Bankers is providing integrated - PowerPoint PPT Presentation

Integrated Private Flood Solutions

 Bankers is providing integrated access to Private Flood markets We are via the NFIP quote so you can offer a comparison quote to your offering access clients.  Up to 20% off NFIP premiums. to a new  You will be contracting directly with Dual on your first bridge market. over.

Chubb Private Flood

Chubb  5k ALE coverage available for $40 extra. On Chubb Residential Personal Lines policies. ALE Coverage

Chubb  Business Interruption / Loss of Rents up to 2 million available to add on to Chubb product. (30 day waiting period.) Commercial Add On  These must be purchased with Building coverage at time of binding.

 Channel Private Flood Only interested in negative elevated V zones and CBRA zones.

 Walk through an NFIP quote. How it Works If eligible Apply for Private Coverage will appear.

Pro Tip : If additional coverages like Loss of Income or Additional Living Expense are available you must select them on this screen. If they are not listed then the Private Flood Program qualified for does not offer it. Complete the Questionnaire

Pro Tip : If you see the below message then the Private Flood Program does not offer ALE or Loss of Use coverages. Questionnaire Tips

Submit Summary page to Bridge over to Dual.

Digital Contract Check with decision maker before proceeding on E & S quote.

Quote is generated

View the quote The PDF quote form also includes Private Flood Waiver and Surplus Lines Disclosure Acknowledgement

Additional 4% off billed amount with Agency Bill.

 If you opt to Purchase you will be prompted to upload any documentation you may have. Purchasing a Policy  If you have not provided proper documentation, you will be directed to do so.

After Uploading docs Sign the Application & Quote.

If you need help click on: Guide Me

Confirm Email Addresses Then Complete Purchase

Within 48 hours, two emails will be sent to the agent: A copy of the Policy will be emailed directly to the insured Policy issuance confirmation Copy of the Quote and signed Application Copy of the Policy and Declarations page

Waiver for Private Flood

 The program has not matched up with the private market E & O  Leaving NFIP can make an policy ineligible for subsidy if a Exposure PRE-FIRM structure .  Lender may not accept policy  Flood loss could make them ineligible for private market

How do I get back to my Private Flood quote?

How do I get back to my Private Flood quote?

 How is a claim filed?  Notice of loss is filed directly with DUAL Specialty Property’s third party administrator.  Upon receipt of the Notice of Loss, a claims specialist will be assigned to the loss, who will coordinate with their outside adjusting staff to contact the insured and initiate the claims How are claims process  Claims can be submitted to the following: filed?  Peninsula Insurance Bureau  2842 Lent Road  Apopka, FL 32712  Email: dual@pibadjusters.com  Toll Free: 800-735-6024

 Teri Lawson  Director of Underwriting  Office:973.631.7575 Ext. 162 Who do we  Fax: 239.263.1808 contact?  Email: tlawson@dualcommercial.com  Luis Calderon Dual  Underwriter Underwriting  Office: 973.631.7575 Ext. 163  Fax: 239.263.1808  Email: lcalderon@dualcommercial.com

 Helps with retention How to Leverage  Could cut NFIP rates as much as 20%  Value differentiator for your agency

Pending  If closed for binding due to a storm, their will be on a message on Duals site advising of the closure. Storms

Questions?