Did you Know?

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