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Commercial Wind & Hail Deductible Buy Down
Residential Wind & Hail Deductible Buy Down
The Wind/Hail Deductible Buyback product allows insureds to purchase a separate deductible buydown policy that sits below the overlying policy. Insured's can buy down their hurricane, all wind and hail, or named storm wind deductibles so they are not left vulnerable in the event of a large claim from the 3 perils mentioned.
Retail Agents (Educational/Sales Training)
Wind & Hail Deductible Buy Down – Agent Sales Guide
Client Education
Protect Your Home - Wind & Hail Deductible Buy Down Explained
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Protect Your Home - Wind & Hail Deductible Buy Down Explained
https://youtu.be/54MQVHVXwe8Protect Your Business – Commercial Wind & Hail Deductible Buy Down
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Protect Your Business – Commercial Wind & Hail Deductible Buy Down
https://youtu.be/UBcMFdKdn8QCommercial Wind & Hail Deductible Buy Down
Maximum Risk Limit up to $5 million for coastal areas and inland areas.
Minimum retention of $5,000 per occurrence for policies with TIV of under $15 million and $10,000 for policies with TIV above $15 million.
With no geographical restrictions we are able to offer policies across the USA.
Residential Wind & Hail Deductible Buy Down
Targeting Homes Worth $250k+
Buy Down to a $5,000 Deductible
Designed for Homes Within 50 Miles of Coast
Benefits to the Agency:
Enhanced Cross-Selling Opportunities – Allows increased premium revenue per client while providing added value.
Improved Client Retention – Helps retain policyholders facing unfavorable renewal terms by offering a way to mitigate higher deductibles.
Stronger Competitive Advantage – Positions the agency as a proactive problem-solver in the insurance market.
Increased Client Satisfaction – Clients appreciate having options to manage their financial exposure, reinforcing trust in your expertise.
Risk Management Leadership – Showcases your ability to anticipate and address challenges unique to coastal homeowners.
Benefits to the Client/Prospect:
Financial Protection – Reduces out-of-pocket expenses in the event of a hurricane or windstorm, providing greater financial security.
Cost Savings Strategy – Clients can opt for a policy with a higher hurricane deductible at a lower premium and use this product to buy down the deductible, often resulting in overall cost savings.
Peace of Mind – Eases emotional stress by ensuring clients have a clear plan for managing potential windstorm-related costs.
Flexibility in Coverage Choices – Enables clients to customize their risk tolerance without being locked into a single high-deductible option.
Increased Trust in Agents – Strengthens relationships by demonstrating your commitment to protecting their financial well-being.
Benefits to the Agent:
Expanded Product Portfolio – Adds another valuable solution to offer clients.
Higher Earnings Potential – Creates an additional revenue stream by increasing premium opportunities on existing and new clients.
Stronger Client Relationships – Builds trust by providing proactive solutions that directly address their financial concerns.
Competitive Differentiation – Helps set agents apart by offering a unique product that many competitors may not provide.
Sales & Conversion Tool – Provides a compelling reason for prospects to choose your agency over others.
Please note: In the event of a forecasted catastrophe (e.g., hurricane), a binding moratorium may be issued with little notice. This could impact our ability to provide new quotes or proceed with binding previously quoted opportunities.