Guide to FloodFlash rapid-payment claims
FloodFlash is designed to protect businesses, corporations and landlords from any naturally occurring flood, including coastal, river and rainfall flooding. Find out how our award-winning claims works below.
Parametric claims in action
The FloodFlash smart sensor approach makes claims faster and simpler than ever before. After Storm Ciara battered large parts of the UK, many businesses felt the impact of catastrophic flooding. Watch the video to find out how FloodFlash clients recovered faster thanks to parametric insurance.
Simple claims, rapid payments
One of the main benefits of paramertric insurance is the simplicity and speed with which claims are paid. When flood water reaches a trigger depth at the sensor (or sensors), FloodFlash begins the claims process. No need to submit a form or get in touch, it all happens automatically.
After we’ve carried out some checks on the sensor data and other flood information, FloodFlash ask for client payment details and pay the claim. The whole process is designed to remove the time, stress and cost of traditional flood claims. A typical FloodFlash claim is paid within a week. Our fastest ever took just 3 hours and 50 minutes.
Rapid-payment claims in action
FloodFlash have monitored over 4,000 sensor flood events and paid claims across 4 major storms. Here’s how a typical claim pays out across an average expected payment to happen days after flooding.
Stage 1:
The flood begins
Stage 2:
Water reaches the client's trigger depth
Stage 3:
The FloodFlash team opens the claim
Stage 4:
FloodFlash carries out checks and pays the claim
Stage 5:
Recovery begins
FAQ: What can I use the money for?
FloodFlash claims can be used for any costs associated with flooding. Building and contents costs, external damage and vehicles, non-tangible costs including business interruption, rebuild compliance, contract breaches or reputation damage can all be included within the proof of loss. As long as the money is spent helping the business recover from the flood, it’s entirely up to the client.
Find out more
We’ve only scratched the surface of what makes FloodFlash parametric claims great. They have the power to reduce uncertainty, lower claim values and reward risk managers that have invested in flood resilience. To find out how your business might benefit, contact our expert team.