Helping Customers Plan for High Commercial Wind/Hail Deductibles

Commercial property accounts including apartments, condos, schools, churches, offices, warehouses and other brick and mortar businesses are being hit with increasing wind/hail deductibles as a response to market volatility and severe weather events. Concorde General Agency offers a Windstorm & Hail Deductible Buy Back product that provides an alternative option to plan and budget for these high deductibles. This product kicks in when there is a covered Wind/Hail loss on your client's primary policy and pays out the agreed upon portion of the deductible.

Concorde can write Windstorm/Hail Deductible Buy Back for primary policies with ANY carrier.

Product Details:

  • Clients can buy deductibles down as low as $5,000 depending on account TIV.
    Buy Down Options: Percent to Percent, Percent to Dollar or Dollar to Dollar.
  • Maximum TIV, any one location - $25,000,000
  • Maximum TIV, overall - $100,000,000
  • Maximum Recoverable Limits up to $5,000,000 Available

Target Classes:

  • Churches / Houses of Worship
  • Schools / Universities
  • Office
  • Industrial
  • Hotel / Motel
  • Condos
  • Retail
  • Warehousing
  • General Commercial
  • Construction (Builder's Risk)

Online Quote Request Form

If you prefer to email your quote request, please submit the following to CommDirectBill@cgains.com:

  • Requested Retained Deductible (amount you'd like to buy down to)
  • Primary Policy Quote or Existing Policy Documents
  • Original Application for Primary Policy
  • 3 Years Loss Runs
  • Excel Location Schedule
  • Roof Type (material & when it was last updated)
  • Limits applicable
    • A per location deductible
    • A per building deductible
    • A per occurrence deductible
    • A per building, per occurrence deductible
    • A per location, per occurrence deductible

 

For additional details or questions, please reach out to:

Commercial Direct Bill Team
800.726.1611 ext. 8975
commdirectbill@cgains.com