Insurtech Company Unveils Structural Elevation Calculator For WYO Flood Insurers

Insurance tech company Think Geohazards has released an enhanced version of its flood risk estimation tool to allow flood insurance carriers and government agencies to more precisely project flood loss in any given area. The company had previously introduced the True Flood Risk consumer flood informational website. It allows consumers to determine their NFIP flood insurance premium rate based on the elevation level of their property’s first floor, inherent flood risk in the area of the property, and other factors (such as the existence of a basement, number of floors, etc.).