Wind Deductible Buy Back

 

Most insurance companies will not release claim payments until the deductible has been paid in full?

 

 

A  Wind Deductible Buy Back policy gives agents the ability to significantly reduce their client’s exposure to catastrophic financial loss.  For example, a 5% deductible for a building insured for $1,000,000. is $50,000. – a considerable sum at any time, but especially after a storm.  Deductibles can be reduced from 10% down to 1%, or a flat dollar amount that is easier for the client to manage.

Highlights:

• Wind events covered by the primary policy will trigger the WBB policy to respond.

• Follow-form coverage

• Occurrence & Aggregate form options

• Builders risk available

Eligibility:

• Barrier islands 

• Shingle roofs

• Built-up roofs

• Single-ply membrane roofs

• Metal roofs

• Builder’s risks

• All construction classes will be considered

Conditions include:

• 25% minimum earned premium applies 

• $1,500 minimum premium

Coverage is available in all states