FloodFlash Parametric Insurance
Protect your building with FloodFlash parametric flood insurance, providing fast access to funds when floodwater reaches a pre-agreed level at your property.
Call Our Team: 01425 486650
When the water rises, the payout begins.
A modern approach to flood protection, designed for buildings where speed and certainty matter.
When flooding affects your building, everything becomes urgent. Your priority is immediate and practical: safeguard residents, restore essential services, protect the building, and return life to normal as quickly as possible, all while managing financial pressures and expectations.
Through our partnership with FloodFlash, we can arrange parametric flood insurance designed to provide rapid financial support when floodwater reaches a specified level at your property.
A Smarter Way to Access Funds After a Flood
Traditional flood insurance claims can take time to assess and process. FloodFlash works differently.
With a pre-agreed payout based on floodwater depth, funds can be released quickly when the trigger level is reached, helping you respond to emergencies without delay.
FloodFlash Key Features
Contact us today to discuss adding FloodFlash protection to your buildings insurance.
How Does FloodFlash Work?
Flood claim payouts are quick and easy…
1. Define the Flood Depth Trigger
You select the water level that would cause disruption or damage to your building.
2. Agree the Payout Amount in Advance
A fixed payout amount is agreed when the policy is arranged.
3. A Smart Sensor Monitors Water Levels
A sensor installed at your property continuously measures floodwater depth.
4. Automatic Payout Trigger
If water reaches the agreed trigger level, the payout process begins automatically.
Why Flood Protection Matters for Property Managers & Residents
Flooding can quickly disrupt essential building systems and create significant challenges for property managers and residents. Flood insurance is here to help.
Basements and plant rooms flooded
Floodwater can quickly inundate basements and plant areas, damaging critical building infrastructure such as boilers, pumps, and mechanical systems that keep the property functioning.
Electrical systems compromised
Floodwater can affect electrical panels, wiring, and essential control systems, creating safety risks and potentially leaving parts of the building without power.
Emergency repairs required immediately
Urgent works are often needed to pump out water, secure the building, restore utilities, and prevent further damage, all of which can create immediate financial demands.
Lifts taken out of service
When water reaches lift shafts or motor rooms, lifts often need to be shut down for safety, causing major disruption for residents, particularly in multi-storey buildings.
Residents displaced or frustrated
Flooding can force residents out of their homes or leave them without essential services, leading to frustration and increased pressure on managing agents to resolve the situation quickly.
Add FloodFlash Protection to Your Policy
When flooding happens, speed matters. Access to funds quickly can make the difference between disruption and rapid recovery.
FloodFlash can be arranged as a policy add-on, providing additional financial protection for buildings at risk of flooding.
If you manage or own a residential block, this innovative cover can help ensure you have rapid access to funds when you need them most.
FloodFlash FAQ’s
What is FloodFlash cover?
FloodFlash is a parametric flood insurance solution that provides a pre-agreed payout when floodwater at your building reaches a chosen depth. Through our partnership with FloodFlash, this cover can be added to your buildings insurance policy to provide rapid access to funds following a flood event.
Is the rebuild cost the same as the market value of my property?
No. The market value reflects what your property could sell for, including land value and local demand, whereas the rebuild cost only covers the cost of rebuilding the structure itself.
How quickly are payouts made?
Because the payout is based on a pre-agreed trigger rather than a damage assessment, payments can often be processed significantly faster than traditional claims.
How is FloodFlash different from traditional flood insurance?
Traditional insurance claims usually require loss assessments and claims processing before a payment is made. FloodFlash works differently. A pre-agreed payout is triggered automatically when water reaches a specified depth, helping you access funds much faster.
How does the payout trigger work?
A smart flood sensor is installed at your building to measure water depth. If the water level reaches the trigger depth you selected when arranging the cover, the payout process begins automatically.