FloodFlash
Rapid-payout flood insurance is changing the way landlords and businesses recover from flooding.
Overview
FloodFlash offers a unique approach to commercial flood insurance. Instead of a traditional indemnity policy, they provide parametric coverage. This means a pre-agreed payout is made automatically when floodwaters reach a specified depth, measured by an IoT sensor installed on the property. This model is designed to provide rapid financial relief to businesses after a flood.
✨ Key Features
- Parametric insurance model
- Rapid-payout claims
- IoT sensor for flood depth measurement
- Customizable trigger depths and payout amounts
- No restrictions on how the payout is used
🎯 Key Differentiators
- Use of a physical sensor for triggering claims
- Extremely fast payouts
- Ability to insure high-risk properties
Unique Value: Offers businesses fast, transparent, and reliable flood insurance through the use of a sensor-based parametric trigger, enabling rapid recovery from flood events.
🎯 Use Cases (3)
✅ Best For
- Used by businesses and landlords in the UK and US to recover from flooding.
💡 Check With Vendor
Verify these considerations match your specific requirements:
- Not suitable for those seeking traditional indemnity-based insurance that covers the exact cost of damages.
🏆 Alternatives
FloodFlash provides significantly faster payouts than traditional flood insurance and can offer coverage to businesses that are often denied by traditional insurers.
💻 Platforms
🛟 Support Options
- ✓ Email Support
- ✓ Phone Support
💰 Pricing
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