CHEVY CHASE, Md.--(BUSINESS WIRE)--Victor O. Schinnerer & Company, a leading underwriting manager, today announced the launch of Schinnerer Flood. The program offers primary insurance for commercial and residential properties through the National Flood Insurance Program (NFIP) as well as excess coverage through the private market.
Utilizing a cutting-edge platform developed by Torrent Technologies, Schinnerer Flood allows brokers to quote primary and excess coverage in a single portal, issue a policy in minutes, view all policies in relation to flood zones, instantly access claims data, and generate reports. With Schinnerer Flood, brokers are provided a market-leading commission structure and dedicated team of flood underwriters to facilitate book transfers. Backed by the NFIP, primary coverage is issued through an exclusive carrier agreement with Homesite Insurance. Excess coverage is offered through the Lloyd’s market.
”Schinnerer Flood is designed to provide brokers with an easy to use, comprehensive tool for policy issuance and retention management to ensure their clients are financially protected from flood damage,” said Brian Hanuschak, president of Victor O. Schinnerer & Company. “Floods are the most common and costly natural disaster in the United States and Schinnerer Flood is the latest example of how we are leveraging our vast experience and new technology to provide an innovative solution to brokers and their clients.”
Brokers must be certified to sell flood under the NFIP to gain access to the Schinnerer Flood portal. Schinnerer distributes its insurance programs through independent agents and brokers. Broker appointments are not typically required unless mandatory by state law.
Victor O. Schinnerer & Company, Inc. is one of the largest and most experienced underwriting managers of specialty insurance programs in the world. Schinnerer now serves more than 46,000 insureds in various specialty industries through independent insurance agents and brokers. Learn more at www.schinnerer.com.