Wind/Hail Deductible Buy-Back Coverage
Help lower commercial out-of-pocket exposure when capital is critical.
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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
What is Deductible Buy-Back?
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 Property
Commercial properties and classes of business
Reimbursement
Reimburses covered wind, hail, and named storms deductibles
Primary Policy Terms
Follow-form to primary policy terms
Policy Limit
Instantly quote, bind, and issue a policy up to $100M
*Minimum Buy-Back
$5K
for TIV less than $15M
$10K
for TIV greater than $15M
Claims
How Are Claims Handled?
Policy gets triggered by a covered primary policy loss
First Notice of Loss (FNOL) is handled by a claims email listed in the policy
Typical resolution target is less than 60 days
Aligns with the primary policy outcome
Customer Story
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.
$1M in damages
$500K deductible
Only $25K
out-of-pocket
out-of-pocket
$475K from
Deductible Buy-Back
Deductible Buy-Back
Real World Examples
Boutique Hotel in Florida
$4M wind/hail deductible on 100-room resort
Hurricane caused $2M in damage; owners had to pay the entire amount
HOA in South Carolina
Condo complex with TIV of $40M and 5% wind/hail deductible
Hail damage repairs cost $2M; company had to issue a Special Assessment to every tenant
Multi-Use Building in Illinois
Owner has a $500K wind/hail deductible
Wind caused $800K in damage; owner forced to take out a high interest loan
Add-on Solution / Coverage for critical equipment downtime
Equipment Protect
Benefits
Coverage for unexpected, costly equipment and machinery losses- Premiums start at $100 (excluding fees and taxes)
- Available in all 50 states
- Deductible options from $1K to $50M
- Higher limits are available via referral (just ask us)
What’s Covered
Coverage for sudden mechanical and electrical failures on commercial property
Policy limits: Coverage for sudden mechanical and electrical failures on commercial property
- Up to $50M for non-manufacturing
- Up to $25M for manufacturing
- $10M sub-limit for Light Fabrication + Assembly and Food + Drug Processing
Jurisdictional inspections for selected risks to support loss prevention and reliability
Eligible Industries
- Agriculture
- Air
- Communication (Radio and TV)
- Construction
- Education
- Emergency Response Services
- Entertainment and Recreation
- Food Control
- Food and Drug Processing
- Gasoline Service Stations
- General Services
- Group Institutional Housing
- Highway and Railroad
- Hospitality: Hotels and Restaurants
- Light Fabrication and Assembly
- Multifamily Dwelling Condominium Unit Owner
- Multifamily Dwelling Homeowners Association
- Parking
- Personal and Repair Services
- Professional, Technical, and Business Services
- Religion and Nonprofit
- Rental General Commercial
- Sea/Water
- Telephone and Telegraph
- Temporary Lodging Trade - Wholesale and Retail
- Universities and Colleges
Benefits
- Coverage for unexpected, costly equipment and machinery losses
- Premiums start at $100 (excluding fees and taxes)
- Available in all 50 states
- Deductible options from $1K to $50M
- Higher limits are available via referral (just ask us)
What’s Covered
Coverage for sudden mechanical and electrical failures on commercial property
Coverage for sudden mechanical and electrical failures on commercial property
- Up to $50M for non-manufacturing
- Up to $25M for manufacturing
- $10M sub-limit for Light Fabrication + Assembly and Food +Drug Processing
Jurisdictional inspections for selected risks to support loss prevention and reliability
Eligible Industries
- Agriculture
- Air
- Communication (Radio and TV)
- Construction
- Education
- Emergency Response Services
- Entertainment and Recreation
- Food Control
- Food and Drug Processing
- Gasoline Service Stations
- General Services
- Group Institutional Housing
- Highway and Railroad
- Hospitality: Hotels and Restaurants
- Light Fabrication and Assembly
- Multifamily Dwelling Condominium Unit Owner
- Multifamily Dwelling Homeowners Association
- Parking
- Personal and Repair Services
- Professional, Technical, and Business Services
- Religion and Nonprofit
- Rental General Commercial
- Sea/Water
- Telephone and Telegraph
- Temporary Lodging Trade - Wholesale and Retail
- Universities and Colleges
Where should we send more information?
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