Wind/Hail Deductible Buy Down Insurance
for select commercial properties

Simplified Coverage Definition

Reduces your commercial insureds’ exposure from their high wind or hurricane deductible.  No TIV limits, deductibles up to $1,500,000 can be reduced to the insureds desired retention level (minimum retention is $5,000). Coverage is following form – it follows the coverage as it is defined in the overlying policy.  All Liability and Flood exposures are excluded.

Coverage Options

Overlying Wind Deductibles can be All Wind, Named Wind Only, or Wind and Hail Only. The deductible can be reduced to a selected percentage or dollar value. Policy limit options are as follows:

  • Per Occurrence
  • Per Location
  • Per Building
  • Per Building & Per Occurrence
  • Per Location & Per Occurrence

Policy Form and Coverage

Carrier partner insurance company is A+ A.M. Best rated. The policy is offered on a non-admitted basis.  Proper disclosure and diligent effort forms are required by state regulatory authorities. Policy can be effective up to 18 months.

Quoting and Underwriting Process

Application or Statement of Values is submitted to Vertus via email and a quote will be returned within 24 hours.

Claims Process

The Insured files a first notice of loss with Vertus and follows their normal claim process with their overlying carrier. Once the overlying carrier’s claims adjusting process is completed and documentation is forwarded to Lloyd’s claims personnel, a simple desk adjustment process is completed and then payment is made to the named insured.

Eligible Occupancy Types

  • Churches & Places of worship
  • Education
  • General Commercial
  • Homeowners Associations
    • Multi-family
    • Condominium
  • Hotel/Motel/Short-term Let
  • Industrial
  • Office & Administration
  • Retail
  • Warehousing
  • Hospitality

Ineligible and/or Will Refer Occupancy Types

  • Auto Dealerships
  • Construction
  • Docks/Piers/Wharves
  • Greenhouses
  • Mobile Homes
  • Solar Panels
Speak with a Vertus Agent