Cutting Edge Technology Based Flood Solution for Businesses
5
Transparent flood cover for commercial businesses and property owners. The product is tech based, utilising an external sensor located at ground level which detects a rise in flood water. Once the flood water level selected at inception of cover is triggered an alert is sent to the insurer and after a few simple checks the selected settlement amount is paid. The product gives a lot of flexibility in cover around the trigger depth and settlement value to suit a variety of budgets. A policyholder can even select multiple policies for different trigger depths and settlement values covering the same property. There is no loss adjusting or paperwork to complete. Simple, transparent coverage providing the full settlement payment once the trigger depth has been breached. Brilliant.
Reviewed on: 1st July 2020
