Wright Flood has established a partnership with Homeowners of America Insurance Company (HOAIC), a Texas-based property and casualty insurance company, to offer federal flood policies under the Homeowners of America Flood Insurance brand name.
Wright Flood’s industry-leading expertise in flood claims management and 30 year policy processing experience will now serve Homeowners of America Flood Insurance policyholders in Texas.
"Flood insurance is Wright Flood’s only insurance product. At Wright Flood, we pay claims without the potential for conflict with any other property coverage," said Henry Neal Conolly, President.
"Wright Flood employs the largest full time flood claims staff in the industry, to adjust and timely pay losses." Within the first 90 days after Superstorm Sandy, Wright Flood closed or advanced payment to nearly 70% of its 20,000 claimants; while the flood industry was generally criticized for a closed claim rate that reportedly reached just 30%.
"In Texas, our policyholders understand the need for flood insurance and pairing with Wright Flood strengthens the Homeowners of America Flood Insurance brand in our target market. Wright Flood’s flood claims strength will serve our policyholders well, "said Spencer W. Tucker, President and CEO of HOAIC.