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February 01, 2021 08:00 AM Eastern Standard Time


ShoreOne Announces the Start of Business with a Policy That Combines Homeowners and Full Flood Insurance

One agent. One policy. One deductible. One claims adjuster.

BOSTON--(BUSINESS WIRE)--ShoreOne announces its launch of business. A Massachusetts-based Managing General Agent, ShoreOne is pioneering a solution to a problem affecting millions of coastal homeowners – inadequate flood coverage.

Previously, homeowners with coastal properties had to purchase separate policies for home and flood insurance that, even when combined, left them with inadequate coverage. ShoreOne’s core offering combines traditional homeowners insurance with full flood coverage in a single policy. Access to the combined policy fills the coverage gap affecting 4.8 million National Flood Insurance Program (NFIP) policyholders. ShoreOne’s simplified approach also makes it easier for the 85% of Americans with no flood insurance to obtain coverage.


Using proprietary risk modeling, ShoreOne has created one of the most innovative homeowners policies available on the market. The ShoreOne designed technology platform, developed in partnership with Focus Technologies, enables agents to intuitively issue a complete policy in under one minute. ShoreOne’s highly segmented pricing plan incorporates geospatial features with individual risk characteristics, an approach that won them backing from blue-chip reinsurance partners. ShoreOne inspections validate policyholder information, verify that coverage is adequate, and identify any immediate hazards that a responsible homeowner should address.


ShoreOne is led by a management team with deep experience in coastal homeowners insurance. The team includes Nick Steffey, CEO; Cameron Rhodes, President & COO; Zachary Smith, Vice President of Risk Management; and Satvinder Dhami, Vice President of Administration.


Nick Steffey said, “Home is a family’s greatest asset and protecting that is extremely rewarding. It is exciting to be part of a team who has developed a solution for so many uninsured and underinsured coastal homeowners.”


ShoreOne will start in South Carolina, a state exposed to significant flood risk. Currently, homeowners have limited choices to purchase flood insurance outside of the NFIP.


About ShoreOne Insurance


ShoreOne Insurance Managers, Inc. was founded in 2019 to address the significant coverage gap that flood exposed coastal homeowners face. Rather than placing the burden on homeowners to piece together coverage for their properties, ShoreOne provides one policy that covers both traditional homeowners perils and flood. ShoreOne policies are distributed through independent insurance agents with strong technical expertise and experience in solving coastal insurance problems. ShoreOne is backed by some of the largest reinsurers in the world who have combined assets in excess of $90 billion. Bringing together experienced leadership, proprietary technology, and a family-friendly way of doing business, ShoreOne is taking better care of coastal homeowners.



Satvinder Dhami – 

ShoreOne Insurance Managers, Inc


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