how to ez flood quoting private flood insurance · the first step in the ez flood quoting process...

How to EZ Flood®

Quoting Private Flood Insurance

Aon

Proprietary & Confidential

Aon

Proprietary & Confidential 2

Objectives

Company Overview

Benefits

EZ Flood

Comparison to the NFIP

Streamlined User Experience

Aon Edge Login

Underwriting

Quote

Purchase

Payment

Quote / Policy Search

Appendix

Contact Information

Aon


Overview

Aon Edge, flood insurance that works for you!

Aon Edge is a division of Aon and is the leading provider of customizable private flood insurance,

dedicated to making flood insurance accessible to all insurance agents and property owners. Aon Edge

looks forward to offering Allstate agents superior policy administration, claims processing, customer

service and agency support for your property owners.

Beyond coverage, when you partner with Aon Edge Private Flood Insurance, you benefit from a

streamlined experience that includes:

✓ Easy online quoting in less than one minute with

as few as 12 underwriting questions

✓ No elevation certificate or photographs required

✓ Save your clients an average of 40% on

premiums vs. NFIP

✓ No waiting period when purchased during loan

closing; otherwise there is a 15-day waiting period

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Benefits

EZ Flood

Affordable coverage

for residential

properties

Coverage limits

available above limits

offered by the NFIP

Not subject to federal

fees and surcharges

Not exposed to

federal premium rate

increases

Opportunity to deliver

affordable flood

insurance to more

homeowners

Streamlined with as

few as 12 underwriting

questions

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EZ Flood & NFIP: Side-by-Side Comparison

EZ Flood (A & V) EZ Flood (B, C & X) NFIP

Maximum Building Limit $750,000 $300,000 $250,000

Maximum Personal

Property Limit$200,000 $100,000 $100,000

Coverage Amount OptionNo coverage combination

restrictions

No coverage combination

restrictions

Limited to 9 coverage

amount combinations

Claims Settlement

Replacement Cost Value

for principal residences and

Actual Cost Value for

secondary residences


for principal and secondary

residences


for principal residences and

Actual Cost Value for

secondary residences

Deductibles Options$1,000 / $1,250 / $2,000 /

$5,000 and $10,000

$1,250 / $2,000 / $5,000 SFHA: $1,000 - $10,000

PRP: $1,000 / $1,250

Ground Collapse Coverage Yes Yes No

Optional CoveragesAdditional Living Expenses

(ALE) and Swimming Pool

Cleanout

No No

Flood Insurance Coverage Comparisons

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EZ Flood

Complies with the newly adopted federal private flood insurance regulations

Offers supplemental coverage options in excess of the NFIP

Can save policyholders an average of 40% on premiums vs. NFIP

Does not represent continuous coverage for NFIP purposes

Does not preserve grandfathering of rates or flood zones

Does not preserve any federal subsidies that may currently apply

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Streamlined User Experience

Easy one-step

log-in process

Agent dashboard

provides access to

quote and policy

information

Agency self-service

capabilitiesDocuSign capabilities

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Aon Edge Login

Login to the Aon Edge quoting platform.

Enter the username and password provided.

Aon

Proprietary & Confidential

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EZ Flood

Select “New Quote”.

Enter the property address and zip code.

Click “Verify” to determine if property is

eligible for coverage.

− If property is eligible the underwriting

page will appear next.

− If property is not eligible a message will

appear - “We don’t yet offer coverage

for this address”

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Underwriting

The first step in the EZ Flood quoting

process is the “Underwriting Information”

page.

This captures information specific to the

applicant and property, such as building

and contents replacement cost amounts

and mortgagee information.

Once the required fields have been

completed, EZ Flood eligibility is

determined.

If eligible, you may then progress to the

“Quote” page by clicking “Next-Quote”.

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Quote

First, identify whether the insurance is required to support a loan closing transaction, then enter the desired

effective date.

Next, enter the requested coverage amounts for both the building and the contents.

Select a deductible amount.

Click the “Calculate” button to see the total premium, including all applicable taxes and fees.

EZ Flood®

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Quote

Click “View/Print” to see a quote that can be shared with customers.

Click “Purchase” to complete the transaction.

Note: Once “Purchase” is selected, the quote is confirmed and may not be altered.

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Purchase

Choose the method for signing the application and other required forms.

Once completed, click “Next” to pay.

Save & Exit Next

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Payment

EZ Flood provides three payment options:

1. Credit card

2. Electronic check

3. Insured’s check

(i.e. Paper Check)

Select the preferred payment option.

Enter the required information.

Click “Apply Payment” to complete

the transaction.

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Confirmation

Once payment is confirmed the policy number will appear.

The application will be sent to the Aon Edge Customer Service team for issuance.

Policy documents will then be generated and sent to all interested parties.

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Quote / Policy Search

Step 1: Select Policies

Step 2: Select Quote / Policy Search

Step 3: Select Search Types

Step 4: Enter Search Criteria

Step 5: Click Search

Tip: You can use the quick search

dropdown menu located at the top

right hand side of the dashboard to

view the last 10 quotes / policies.

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Claims

Easy one-step

log-in process

Agent dashboard

provides access to

quote and policy

information

Agency self-service

capabilities

The policyholder should promptly contact our claims service center directly.

Alternatively, as an agent, you may submit the claim on behalf of your policyholder.

Initial steps

What information is needed to report a claim

Declaration page of the flood policy.

The date water entered the property and approximate water level.

Name of the mortgage lender, if any.

Current personal contact information for the policyholder. If a home phone is unavailable,

a mobile phone number or agent/friend/family member’s phone number will suffice.

What information is needed to report a claim

For initial claims reporting call: 1-844-640-2522

To check the status of a claim, call: 1-866-641-7922 or email: [email protected].

Additional claims information

For more information about claims, please visit: aonedge.com/claims.

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Appendix

Private Flood Insurancea game changer for agents and homeowners

Aon


Items of Note

EZ Flood (A & V)

Satisfies the federal rule effective July 1, 2019, requiring federally regulated lenders accept private

flood insurance that meet the Biggert-Waters Flood Insurance Act of 2012 definition of private flood

insurance

Coverage limits exceed those offered by the NFIP.

▪ Up to $750,000 building

▪ Up to $200,000 contents

Obtain a quote in less than one minute.

No elevation certificate or photographs required.

Not subject to federal surcharges or reserve fund assessments.

No waiting period if purchased at the time of a loan closing transaction.

Coverage is available in A and V flood zones with certain geographic limitations.

60 days prior to policy expiration, qualified EZ Flood policyholders will automatically receive a renewal

offering.

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Items of Note

EZ Flood (B, C & X)

Designed for residential properties in lower-risk, non-mandatory flood zones.

Coverage limits exceed those offered by the NFIP PRP.

▪ Up to $300,000 building

▪ Up to $100,000 contents

Properties valued up to $1,000,000 of replacement cost are eligible.

Any coverage amount up to the program limits is available.

Catastrophic Ground Collapse Coverage (not available in Florida).

▪ Causes structural damage to the property resulting in the condemnation or an order requiring the

property to be vacated.

60 days prior to policy expiration, qualified EZ Flood policyholders will automatically receive a renewal

offering.

Aon Affinity


Customer Service

1-888-281-0684

[email protected]

Website

aonedge.com

Claims

1-844-640-2522

Quoting and Policy Management

EZ Flood

Contracting

[email protected]

aonedge.com

https://c68-prod.diamondasaservice.com/DiamondWeb/(S(xjznmanzj04y0gmtqp5iyruu))/agency

how to ez flood quoting private flood insurance · the first step in the ez flood quoting process...

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