Earthquake Deductible Buy-Back
Help reduce out-of-pocket exposure for homeowners after earthquake damage
Coverage A
Rebuild cost of $500K
Minimum Buy-Back
As low as $5K*
Follow Form
To primary policy terms
50 States
Available in all states
It’s supplemental follow-form buy-back coverage for residential owners with high earthquake deductible risk.
How Does It Work?
Primary earthquake deductible is $100K, for example
Client retains $10K out-of-pocket of the deductible
A covered earthquake loss occurs
The primary policy adjusts the loss
Earthquake Deductible Buy-Back policy reimburses $90K of deductible
Customer only pays $10K out of pocket
What’s Included
Owner-occupied and standard residential property
(excluding manufactured and mobile homes)
Pay covered earthquake deductibles
HO3, HO5, HO6, DP3, and state-sponsored earthquake coverages
(e.g., CEA)
Instantly quote, bind, and issue in under 5 minutes
Follow-form to primary policy terms
As low as $5K
How Are Claims Handled?
Don owns a home in Southern California.
His rebuild cost is $800,000.
An earthquake cracked walls and damaged the foundation, causing $140K in damage and triggering the $120K deductible on his primary policy (15% of his rebuild cost).
Luckily, Don had purchased an Earthquake Deductible Buy-Back policy to bring down his out-of-pocket exposure from $120K to $10K.
Don paid the $10K to get repairs started and his Earthquake Deductible Buy-Back policy picked up the $110K difference.
out-of-pocket
Deductible Buy-Back
Real World Examples
Vacation House in California
Homeowner in Washington
Single Family Rental in Missouri
