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It's true! Easily earn HIGH commission for writing Hartford Flood Policies

Posted By staff reporter, Tuesday, February 12, 2019

PIA Western Alliance Hartford Flood Program

- FACT -

The National Association of Insurance Commissioners (NAIC) has found that half of U.S. flood losses occur outside the designated high-risk areas, and a Lloyd's of London report found only 1 percent of properties outside of the defined flood zones have flood insurance.

 

EVERYWHERE IS A FLOOD ZONE!

                                 - The Hartford


Q:  Do I have to be a member of the PIA to take advantage of this service?

A:  Yes.  It's quick and easy to join the PIA and take advantage of all the benefits of membership.  Did you know that if you are a member of the PIA Western Alliance that you are also a member of PIA National, too?  That means even more benefits - find out now.

 

Q:  How do I become a PIA Western Alliance member?

A:  We can get started right now!  Contact Lori Elston at PIA Western Alliance at (888) 246-4466 x124 or email. 

 

Q:  Why should I move my flood book over to The Hartford?

A:  Because Hartford does the work!  Look what's in it for you:

  • Dedicated book roll consultant who will work with your agency to determine the most efficient way to move your flood book to The Hartford.
  • Hartford will collect required documentation needed.
  • Hartford will bill existing clients 90-days prior to the expiration date.
  • Hartford will customize a renewal letter on your agency letterhead.
  • Hartford bill is sent along with agency-specific renewal letter instructing your clients that you, as the agent, are moving their federally-backed flood policy to Hartford and to pay enclosed bill.
  • Once your client pays their Hartford bill, policy is issued on Hartford paper?

 

Q:  Is the enrollment process easy?

A:  Yes, very easy.  Not only that, you'll be sure to get the best-in-class service that The Hartford is known for.

  • Dedicated, local sales director for your territory to connect with and help grow your flood business.
  • Training and continuing education credits - to help you understand your coverage.
  • User-friendly, online access to processing systems - quoting, submissions and endorsement request plus, free zone determinations.
  • Online chat for service questions and interactive, real-time input assistance.
  • Hassle-free claims service - 24/7 claims reporting

 

Q:  Where is this program available?

A:  This program is available in all 50 states, the District of Columbia and Puerto Rico.

 

Q:  What is offered through the Hartford's Flood Insurance Service Center?

A:  The Hartford offers the most advanced Internet services available including:

  • Flood zone determinations
  • Claims reporting
  • Policy database download and maintenance
  • Electronic application submission
  • Electronic movement of premium commission funds
  • Rating software download
  • Production reports
  • Assistance in obtaining elevation certificates
  • Repetitive loss review

 

Q:  Is there Hartford Marketing support?

A:  Yes!  PIA members have access to the Flood Insurance Marketing Support Center.  The Hartford marketing support center will help you improve your agency's flood sales operation. 

 

The Hartford is a participant in the federal Write Your Own (WYO) Program, part of the National Flood Insurance Programmanaged by the Federal Emergency Management Agency (FEMA). WYO flood policies are underwritten by the federal government and issued, sold, and administered by authorized private insurance companies, including Hartford Fire Insurance Company, Hartford Fire Insurance Company of the Midwest, and Hartford Underwriters Insurance Company. Accordingly, Hartford WYO flood policies are written subject to the rules, regulations, terms, conditions, and availability of the National Flood Insurance Program.

 

Interested in learning more?  Contact Lori, today, at 888-246-4466.

 

 

 

 

Tags:  Hartford flood program 

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From PIA National — Private Insurers & the Flood Insurance Market

Posted By staff reporter, Tuesday, February 12, 2019

Good news for insurers and independent insurance agents in the area of flood insurance. PIA National sent out a news release last week that said a final rule regarding private flood insurance will soon be coming.

The association anticipates it will be good news.

In legal terms, the rule — says PIA National — “requires lenders to accept certain private flood insurance policies that meet the regulatory definition; allows lenders to rely on a ‘self-certification’ by the insurer that the policy meets the regulatory definition; and generally maintains lenders’ discretion to accept private flood insurance that doesn’t meet the statutory definition, as long as the policy provides sufficient protection to the loan in accordance with the lenders’ general safety and soundness requirements.”

Putting it in layman’s terms, the rule — if agreed upon by all five agencies involved — says mortgage lenders will be required to accept private flood insurance as an alternative to insurance sold by the National Flood Insurance Program (NFIP) and backed by the federal government.

The promulgation of the rule — along with notification to borrowers of the availability of flood insurance policies issued by private insurers — is required by a provision in the Biggert-Waters Act of 2012. It reauthorized and reformed the National Flood Insurance Program (NFIP).

It’s just not official yet.

PIA National said private flood insurance now accounts for less than 5% of the residential market, and most private flood insurance policies cover commercial properties or residential properties that need coverage above the $250,000 limit.

Five agencies have oversight in relation to mortgage lenders. Two of them, The U.S. Treasury and the Federal Deposit Insurance Corporation (FDIC) have approved the rule. The other three, the Federal Reserve, the Farm Credit Administration and the National Credit Union Administration (NCUA) still have it under consideration.

PIA National said, “Lenders are required to accept private flood policies that look exactly like NFIP policies (same deductibles for similar insurance amounts), etc. Lenders can accept other policies at their discretion; discretionary acceptance requires that a private flood policy must provide enough protection of the designated loan, and the FDIC-supervised institution documents in writing its conclusion regarding the sufficiency of the protection of the loan.”

This rule — PIA National says — “answers several questions about the functionality of flood insurance policies issued by private insurers, but, of course, it does not answer all of them — most significantly, the issue of continuous coverage. As the NFIP approaches a reauthorization deadline again in a few months, we will continue our aggressive advocacy with Congressional leadership on NFIP-related issues.”

Tags:  flood insurance market  Hartford flood program  Private insured 

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New Rule Could Boost Private Flood

Posted By staff reporter, Tuesday, January 29, 2019

 

The new rule requires mortgage lenders to accept private flood insurance as an alternative to insurance backed by the federal government.

A new federal rule being finalized could increase the number of flood insurance policies underwritten by private companies.

Private flood insurance now accounts for less than 5 percent of the residential market, and most private flood insurance policies cover commercial properties or residential properties that need coverage above the $250,000 limit on National Flood Insurance Program (NFIP) policies.

Treasury and the FDIC have already indicated their approval of the rule. If it is additionally approved by the Federal Reserve, the Farm Credit Administration, and the NCUA, the final rule will become effective on July 1, 2019.

The promulgation of the rule is required by a provision in the Biggert-Waters Act of 2012, which reauthorized and reformed the NFIP.

PIA National thanks these agencies for their years of hard work on the complex issue of private flood insurance and will continue to support efforts to increase the choices available to flood insurance consumers. PIA National also supports the long-term reauthorization of the NFIP by Congress, because the private flood market presently lacks the capacity and availability to fully supplant it.

The uptake of private flood insurance in the United States continues to be low due to such factors as lack of risk models, low consumer demand, high private premiums, and the availability of relatively inexpensive government-sponsored insurance.

During Hurricanes Harvey and Sandy, less than 20 percent of the houses that were flooded had flood insurance, highlighting the protection gap for the flood peril, says Risk Management Solutions' (RMS') Robert Muir-Wood.

The National Association of Insurance Commissioners (NAIC) has found that half of U.S. flood losses occur outside the designated high-risk areas, and a Lloyd's of London report found only 1 percent of properties outside of the defined flood zones have flood insurance.

 

Tags:  Hartford flood program  New Rule Could Boost Private Flood 

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Who wants to earn 20% commission?

Posted By Staff Reporter, Tuesday, December 18, 2018

Here are some of the benefits to writing your clients a flood policy through the National Flood Insurance Program:

Curious as to how this can work for you?

We'd like to discuss next steps!

Sue Smith

Flood Insurance Enrollment

(888) 246-4466 x 118

 

 

Tags:  20% commission  flood policy  Hartford flood program  pia western alliance 

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Earn 20% commission: Hartford Flood

Posted By Joey Leffel, Tuesday, December 11, 2018

Here are some of the benefits to writing your clients a flood policy through the National Flood Insurance Program:

 

While there are benefits for your clients, there are also benefits for you as a PIA member:          

  • Guaranteed renewal through the NFIP
  • NFIP Policy accepted by banks
  • Cannot be dropped mid-term or during hurricane season
  • Not leaving the market
  • Unlimited capacity
  • Will write business anytime, no moratoriums
  • Backed by the Federal Government
  • An ease of doing business with The Hartford’s easy online quoting and issuing
  • Hands on service from a dedicated flood sales executive and transfer specialist
  • Free zone determinations.
  • On demand training and continuing education credits.
  • Competitive PIA member commission rates.

 

We'd like to discuss next steps with you!

Sue Smith

Flood Insurance Enrollment

(888) 246-4466 x 118

 

Tags:  Around the PIA Western Alliance States  hartford flood program  insurance  insurance content 

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Earn 20% commission: Hartford Flood

Posted By Staff Reporter, Tuesday, December 4, 2018

While there are benefits for your clients, there are also benefits for you as a PIA member:          

  • Guaranteed renewal through the NFIP
  • NFIP Policy accepted by banks
  • Cannot be dropped mid-term or during hurricane season
  • Not leaving the market
  • Unlimited capacity
  • Will write business anytime, no moratoriums
  • Backed by the Federal Government
  • An ease of doing business with The Hartford’s easy online quoting and issuing
  • Hands on service from a dedicated flood sales executive and transfer specialist
  • Free zone determinations.
  • On demand training and continuing education credits.
  • Competitive PIA member commission rates.

 

We'd like to discuss next steps with you!

Sue Smith

Flood Insurance Enrollment

(888) 246-4466 x 118

 

Q&A

Q:  Do I have to be a member of the PIA to take advantage of this service?

A:  Yes.  It's quick and easy to join the PIA and take advantage of all the benefits of membership.  Did you know that if you are a member of the PIA Western Alliance that you are also a member of PIA National, too?  That means even more benefits - find out now.

 

Q:  How do I become a member?

A:  We can get started right now!  Contact Lori Elston at PIA Western Alliance at (888) 246-4466 x124 or email. 

 

Q:  Why should I move my flood book over to The Hartford?

A:  Because Hartford does the work!  Look what's in it for you:

  • Dedicated book roll consultant who will work with your agency to determine the most efficient way to move your flood book to The Hartford.
  • Hartford will collect required documentation needed.
  • Hartford will bill existing clients 90-days prior to the expiration date.
  • Hartford will customize a renewal letter on your agency letterhead.
  • Hartford bill is sent along with agency-specific renewal letter instructing your clients that you, as the agent, are moving their federally-backed flood policy to Hartford and to pay enclosed bill.
  • Once your client pays their Hartford bill, policy is issued on Hartford paper?

 

Q:  Is the enrollment process easy?

A:  Yes, very easy.  Not only that, you'll be sure to get the best-in-class service that The Hartford is known for.

  • Dedicated, local sales director for your territory to connect with and help grow your flood business.
  • Training and continuing education credits - to help you understand your coverage.
  • User-friendly, online access to processing systems - quoting, submissions and endorsement request plus, free zone determinations.
  • Online chat for service questions and interactive, real-time input assistance.
  • Hassle-free claims service - 24/7 claims reporting

 

Q:  Where is this program available?

A:  This program is available in all 50 states, the District of Columbia and Puerto Rico.

 

Q:  What is offered through the Hartford's Flood Insurance Service Center?

A:  The Hartford offers the most advanced Internet services available including:

  • Flood zone determinations
  • Claims reporting
  • Policy database download and maintenance
  • Electronic application submission
  • Electronic movement of premium commission funds
  • Rating software download
  • Production reports
  • Assistance in obtaining elevation certificates
  • Repetitive loss review

 

Q:  Is there Hartford Marketing support?

A:  Yes!  PIA members have access to the Flood Insurance Marketing Support Center.  The Hartford marketing support center will help you improve your agency's flood sales operation. 

 

Have a question? Ready to enroll? 

Sue Smith

Flood Insurance Enrollment

(888) 246-4466 x 118

Tags:  Hartford Flood Program  the hartford 

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PIA Members! Earn some of the highest commissions available through the Hartford Flood Program

Posted By Staff Reporter, Tuesday, November 27, 2018

 

 

 

Learn more?  Tap on the banner to visit our website!

Hartford flood earn 20% commission

While there are benefits for your clients, there are also benefits for you as a PIA member:   

       

  • Guaranteed renewal through the NFIP
  • NFIP Policy accepted by banks
  • Cannot be dropped mid-term or during hurricane season
  • Not leaving the market
  • Unlimited capacity
  • Will write business anytime, no moratoriums
  • Backed by the Federal Government
  • An ease of doing business with The Hartford’s easy online quoting and issuing
  • Hands on service from a dedicated flood sales executive and transfer specialist
  • Free zone determinations.
  • On demand training and continuing education credits.
  • Competitive PIA member commission rates.

Tags:  hartford flood program  PIA Members! Earn some of the highest commissions 

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Need a New Flood Insurance Carrier? PIA Western Alliance Suggests The Hartford.

Posted By Staff Reporter, Monday, November 19, 2018


Visit PIA National's Flood Insurance Marketing Support Center.(Now featuring new materials from The Hartford to help you improve your agency's flood sales operation. These are available to all PIA members.)

Changes in the flood insurance marketplace are continuing. As some carriers leave the market or sell their books of business, we want to assure you that PIA’s national flood partner, The Hartford, is here to stay. The Hartford is one of the largest flood insurance writers in the country, having written flood insurance through FEMA’s National Flood Insurance Program for over three decades.

The PIA Advantage

As a participant in PIA National's official flood insurance program, you have the power of PIA behind you. Our dedicated staff is here to help should you need assistance. Furthermore, participating PIA members have access to the Flood Insurance Marketing Support Center -- a PIA member-only benefit.

Available Programs

Standard Program 

The Standard program includes a web-based application process with your agency doing the customer service administration with Internet and live customer service support. With this web-based program, you can keep policy quotes on a local PC and print policies and endorsements, right in your office. In addition to complete training materials, you will also receive agency production reports.

With The Hartford, PIA members will receive service levels that significantly exceed federal standards including same day turnaround for Internet transactions and experienced and friendly customer service representatives.

Surplus Lines Flood

For PIA members enrolled in The Hartford Flood Program, the following Surplus Lines flood insurance coverages are available through WNC First Insurance Services:

  1. Excess Flood Insurance with policy limits in excess of the maximum NFIP limits are property coverage up to $15,000,000 in all states and contents coverage up to $1,000,000. There is no commercial contents coverage excess.
  2. CBRA & OPA Areas with eligible properties including residential properties and condominium units and townhouses.

The Hartford wants to be your go to flood market for both Personal Lines and Commercial Lines. Their dedicated flood sales and transfer teams want to earn your business by making it easy to do business and providing exceptional service for both you and your customers.

3 reasons to move your Flood book to The Hartford?(PDF)

With The Hartford you can be sure to get the best in service with:

  • Dedicated and knowledgeable book transfer team — they can do the work for you!
  • Dedicated, local sales director for your territory — to help you grow your flood business
  • Training and continuing education credits — to help you understand the coverage
  • Dedicated to keeping you informed with their proprietary flood CAT e-alerts
  • Easy-to-use marketing and sales tools to help you succeed
  • State of the art analytics and tools to help you cross-sell to your existing customers
  • Hartford FloodPro, offering user-friendly, online access to processing systems for quoting, submissions and endorsement requests plus free zone determinations
  • Online chat for service questions and interactive, real-time input assistance
  • Hassle-free claim service — 24/7 Claims Reporting
  • Easy enrollment process

Enrollment/Contact

For questions or more information about the program and how it can fit your agency, contact Joseph M. Surowiecki, Jr. of The Hartford at 860-547-5006 or joseph.surowiecki@thehartford.com or contact your local Hartford Flood sales representative directly.

The Hartford is a participant in the federal Write Your Own (WYO) Program, part of the National Flood Insurance Program managed by the Federal Emergency Management Agency (FEMA). WYO flood policies are underwritten by the federal government and issued, sold, and administered by authorized private insurance companies, including Hartford Fire Insurance Company,

Hartford Fire Insurance Company of the Midwest, and Hartford Underwriters Insurance Company. Accordingly, Hartford WYO flood policies are written subject to the rules, regulations, terms, conditions, and availability of the National Flood Insurance Program.

 Have a question for PIA? Contact meat alexipa@pianet.org.

Tags:  Hartford flood program  National Flood Insurance Program 

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