In areas across the United States that experience frequent severe storms, windstorm coverage is a necessity for businesses. Unlike the fixed dollar deductibles assigned to damages from a fire, plumbing or theft in a primary policy, windstorm deductibles amount to a percentage of the total insured value of a business. Depending on the location, the level of these percentages can range from 1-5 percent. Although these percentages may seem small, these deductibles can mount quickly in areas prone to hurricanes and severe storms.
One way to get around the higher windstorm deductibles is to purchase buyback coverage to buy down an increment or two from the percentage tied to their primary commercial property insurance. Savings toward deductibles can be significant.
- In-house capacity of $20 million per location all interest (building, contents, loss of income)
- Max Limit of Liability: $1,000,000
- Minimum earned premium is generally fully earned unless otherwise agreed
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33 listings in 50 states + DCView Company
Availability 50 states + DC