Available to commercial insureds only, we can offer a parametric solution for flood cover. This can be particularly attractive to those Insureds who struggle to obtain Flood insurance or who have a sizeable excess.
Parameters of cover are agreed at the outset in terms of sums insureds and water levels. A sensor is then installed at the property which will monitor and advise Insurers should the agreed level be met. This will trigger Insurers to pay the agreed loss figures within a period of approx. 7 days. Thus allowing clean up to begin without delay and to mitigate business interruption losses.