Over the past several years, wind and hailstorms have become increasingly intense and widespread across the U.S., putting property owners at greater risk than ever before. Whether hurricanes pounding the coast or hailstorms tearing through the heartland, these weather events can cause extensive and expensive damage to your customers’ homes, vehicles, and businesses. Unfortunately, many standard insurance policies come with steep wind and hail-related deductibles, leaving homeowners and business owners to shoulder a significant portion of the repair costs themselves. Our exclusive wind and hail deductible buy-back product addresses this gap in coverage for your customers by providing an innovative solution to reduce high deductibles typically associated with wind damage, offering greater financial protection and peace of mind for your customers.

According to the National Oceanic and Atmospheric Administration (NOAA), the U.S. experiences thousands of hail events annually, with damages often exceeding billions of dollars. For property owners, this could mean:
• Higher insurance premiums
• Increased deductibles for wind and hail damage
• Greater financial exposure during wind and hail season (April – October)

Through LocalEdge, you can provide your customers with wind and hail buy-back as a supplemental insurance product that allows policyholders to “buy back” part or all their wind deductible. Instead of facing a $10,000 deductible after a storm, for example, a homeowner might reduce it to $1,000 depending on the coverage purchased.

As extreme weather becomes more common, proactive risk management is important. Having these conversations with your customers will help build trust and ensure your customers are better prepared for the unexpected.

Lets get things rolling

For business owner’s coverage, reach out to Tom Boettcher, Brokerage Placement Specialist at [email protected] to get started with wind and hail buy-back.

For homeowners’ coverage, reach out to Alex Wharton, Brokerage Placement Specialist at [email protected] to get started with wind and hail buy-back.