Wind/Hail Deductible Buy-Back Coverage
Help lower commercial out-of-pocket exposure when capital is critical.
TIV
As low as $250K
Minimum Buy-Back
As low as $5,000*
Follow Form
To primary policy terms
50 States
Available in all states
It’s supplemental follow-form buy-back coverage for commercial property owners with high wind, hail, or named storm deductible risk.
How Does It Work?
Imagine the primary wind/hail deductible is $1M, for example
Commercial client chooses to retain $100K out-of-pocket (deductible)
A covered storm loss occurs
The primary policy adjusts the loss
Deductible Buy-Back policy reimburses $900K of deductible
Client only pays $100K out-of-pocket
What’s Included
Commercial properties and classes of business
Reimburses covered wind, hail, and named storms deductibles
Follow-form to primary policy terms
Instantly quote, bind, and issue a policy up to $100M
$5K
for TIV less than $15M
$10K
for TIV greater than $15M
How Are Claims Handled?
Chester Inc. owns a multi-use 12-story building in downtown Chicago, the “Windy City.”
A storm broke windows and tore holes in the roof, causing $1M in damages and triggering the $500K deductible on the primary policy.
Luckily, Chester Inc. had purchased a Deductible Buy-Back policy to bring their
out-of-pocket exposure down to $25K.
Chester Inc. paid the $25K to get the repairs started and their Deductible Buy-Back policy picked up the $475K difference.
out-of-pocket
Deductible Buy-Back
Real World Examples
Boutique Hotel in Florida
HOA in South Carolina
Multi-Use Building in Illinois
