Neptune Raises Building Coverage Limits to $15 Million and Expands Flood Insurance Coverage Options

About this update from Neptune Insurance Holdings Inc.

ST. PETERSBURG, Fla., June 25, 2026 --( BUSINESS WIRE )--Neptune Insurance Holdings, Inc. (NYSE: NP), the nation's largest private flood insurance provider, today announced a major expansion of its flood insurance product line. Neptune has increased building coverage limits to $15 million across all primary and excess flood policies while introducing new and enhanced coverages for residential, commercial, and residential condominium building association (RCBAP) policyholders. The expanded offerings are now available through Neptune's nationwide network of more than 45,000 insurance agents and at neptuneflood.com . The new $15 million building limit is available across residential, commercial, and RCBAP policies, allowing agents to insure more properties at their full replacement value. Residential coverage limits were previously capped at $7 million. In addition, Neptune has introduced or expanded several coverages across its product portfolio, including: "Property values have continued to rise, but flood insurance coverage hasn't always kept pace," said Trevor Burgess, Chairman and Chief Executive Officer of Neptune. "By increasing our building coverage limit to $15 million and expanding or adding key coverages, we're giving agents more ways to protect residential and commercial property owners with the coverage they need." These enhancements reflect Neptune's continued investment in expanding the private flood insurance capacity, giving agents more flexibility to protect residential and commercial properties of all sizes. About Neptune Neptune Flood (NYSE: NP) is a leading, AI-native managing general agent offering a range of easy-to-purchase residential and commercial insurance products, including primary and excess flood insurance, distributed through a nationwide network of agencies. Leveraging proprietary artificial intelligence and advanced data science, Neptune delivers fast and accessible coverage for residential and commercial properties across the United States. The Company operates without human underwriters, using Triton®, its cutting-edge platform to streamline underwriting, pricing, and policy issuance.

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