Securing the safety net
Our Wind Deductible Buyback cover ensures protection against unforeseen costs relating to claims on All Risk Insurance policies. This coverage allows coverholders to adjust their premium rates to enable lower deductibles should a claim need to be made for any wind-related damages.
COVER OVERVIEW
Cover
- Protecting homeowners from unexpected expenses by reducing their wind, hail and named storm deductibles imposed by their All Risk Property Insurance.
- Or to mitigate against instances where a bank or lender requirement is imposed to seek a lesser retention in order to honor a financing agreement.
Download our Wind Deductible Buyback factsheet for the full facility details:
Additional coverage
- Coverage is for Windstorm & Hurricane exposures in coastal areas and inland/non-coastal areas susceptible to Tornado and Hail.
- Maximum risk limit of up to $2.5m.
- Available with no minimum premiums.
- Minimum retention $5,000 per occurrence if policy TIV is below $10,000 and £10,000 if policy TIV is above £10,000,000.
- Available in all 50 states.
- The policy incorporates a follow form, which links and follows the overlying property product.
TARGET RISKS
Wide ranging with particular success with the following:
- Condo’s/multi-family housing
- Hotels
- Offices
- Rental units
Get in touch
Steve Hart
Chief Broking OfficerSteve is a highly experienced Delegated Authorities specialist. With a career spanned over 20 years, he has a wealth of knowledge across a range of property insurance classes as both an underwriter and a broker. He is an associate of the Chartered Insurance Institute (ACII).
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