Wind & Hail Deductible Buyback Solutions
What Is A Deductible Buyback
A deductible buyback is an innovative insurance solution designed to help businesses and individuals manage their financial exposure to high insurance deductibles. A deductible buyback policy provides supplemental coverage that reimburses or reduces your deductible expenses in the event of a claim. This type of coverage is especially beneficial for industries or individuals in coastal regions who want to lower their financial risk while maintaining cost-effective insurance premiums.
Commercial Deductible Buyback
We offer coverage designed for policyholders who wish to lower their commercial property Wind, Wind & Hail, and Named Storm deductibles. The commercial deductible buyback product is available in all 50 states, ensuring that coastal clients and inland/non-coastal clients can access lower deductibles at an affordable price. The Deductible Buyback policy follows Form, which mirrors the terms and conditions of the underlying property policy while providing a cost-effective solution for increasing deductibles for these perils.
Residential Deductible Buyback
With Shepherd Specialty, you can provide your coastal clients with a solution to mitigate financial strain in the event of a Hurricane, Named Windstorm, or All Wind and Hail insurance claims. Our residential wind deductible buydown solution targets properties over $250,000, reducing wind deductibles to as low as $5,000. This product is designed to cater to residences within 50 miles of the coast, providing peace of mind to insureds that currently have high deductibles for these perils within these areas.
