Offers an additional Layer of Protection for the Insured

High insurance deductibles, often required in wind-prone areas, can add financial exposure to unprepared property owners and construction companies. Wind Deductible Buy Back Coverage provides an additional layer of protection in areas where requirements for insurance deductibles have significantly increased, along with satisfying new Lender requirements, that are requiring lower deductibles that current primary insurance carriers are not offering.

Wind Deductible Buy Back coverage on Builders Risk coverage can be written on both commercial and residential properties during construction. Typical policy terms are 12 months; for builder’s risk policies the maximum length of the policy is up to 18 months. Soft Costs will be excluded from coverage. Wind Deductible Buy Back Coverage can be written with or without an annual aggregate limit and can be written for wind in general or named windstorms only.

We are the Coverholder for Lloyd’s of London on our in-house program.

Target Classes

All Construction types, excluding exterior insulation finishing system (EIFS)

• Fire-resistive
• Modified fire-resistive
• Non-combustible (ISO class 3)
• Masonry non-combustible
• Joisted masonry
• Frame (restrictions apply)

Retentions

• TIV more than $2.5 million up to $5 million: minimum of $2,500
• TIV more than $5 million up to $10 million: minimum of $5,000
• TIV more than $10 million: minimum of $10,000

The above Retentions, along with East and Gulf Coast locations: could be higher depending on the construction of the exposed buildings and 5yr prior W&H loss history