reThought Flood

Dams can be a major source of flood risk for homeowners and businesses alike. Read on to learn from our resident expert, Ed Haas. Are your clients covered? https://hubs.ly/Q02JdgQ-0

This year reThought has been lucky to bring on some exceptional interns to our underwriting practice. If you've been following our reThoughts from an intern series, you know our interns learn all about the ins and outs of underwriting in the course of the internships. Insurance doesn't always seem like the most exciting industry on the outside, but as our interns are learning, it's a fascinating intersection of climate, materials, risk, psychology, and math, and also serves an important public good. We are so happy to be a part of their career journeys! #nationalinternday #floodinsurance

"If anything, Beryl reinforced for me the importance of being prepared for floods and ensuring that clients have flood insurance. Flood insurance is not included in most homeowners’ policies, which means agents and brokers must be proactive in finding ways to protect their clients before the next storm hits.🚨" This week's reThoughts from an Underwriting Intern #hurricaneberyl #floodinsurance #floodrisk

reThought Flood started off our TX trip with two days in Dallas visiting our valued partners. We’d like to thank everyone for having us and thier hospitality. Meeting by meeting we are working on closing the climate protection gap with our agents! Sean O'Neill #flood #insurance #floodinsurance #privatefloodinsurance #wholesale #MGA

reThought is willing to put the time in to fully investigate unique risks. reThought was asked to provide flood coverage for the construction of innovative energy plants which convert water into power. The broker struggled to place coverage for a business which few markets understand because it’s new. reThought Flood invested the time to learn about the company, its processes, and the way floodwaters could interact with its projects to provide cover that meets the client’s needs. #uniquerisk #floodrisk #speciality #floodinsurance

How can we help you solve a challenge for your clients? See an example below! An office building in Jacksonville, Florida was covered for flood only under a Difference in Conditions policy, but before renewal the client was told that flood was to be excluded. The broker asked reThought Flood for multiple options with different limits, ground up options and some excess of NFIP coverage. After working with the broker for several days, we delivered an option which suited the client and their budget. reThought was able to provide comprehensive primary flood insurance with a limit of $5 million was bound for $25,000. https://hubs.ly/Q02GD93H0

reThought Flood is lucky to partner with brokers like Jennifer Keefe at AmWins! Check out her profile here!

reThought Flood Loves a challenge! We specialize in working with hard to place risk. Case Study: Can reThought insure a research and development center focused on recyclables and renewables, a notoriously hard-to-place occupancy? Absolutely! Multiple carriers’ capacity was layered up to deliver $25 million worth of protection. reThought’s Commercial and Specialty divisions worked together to develop comprehensive coverage which meets this unusual, difficult risk head on. https://hubs.ly/Q02GDgMJ0

Check out reThought Flood's latest newsletter: Hurricane Season Addition! It's overflowing with great information, from the types of complex risks that reThought excels at, to our latest thought leadership, partner spotlights and more! https://hubs.ly/Q02GD6lh0

Understanding the difference between RCV and ACV is so important for insureds. reThought Flood offers RCV, not ACV, so your clients can get back on their feet after a flood without having to make compromises. Learn more about how to get your customers premium flood insurance: https://hubs.ly/Q02Gh7_J0 #floodrisk #insurance #insuranceagents