Overview of the Program From Abacus Insurance Brokers, Inc.
Abacus Insurance Brokers, Inc. offers an efficient and competitive Earthquake Deductible Buyback program designed specifically for residential properties in California. This online program allows agents and brokers to help their clients manage the high out-of-pocket expenses that can result from earthquake damage deductibles. With fast quoting, flexible terms, and no property size or age restrictions, Abacus makes it easy for agents to deliver value-added solutions in a high-risk market.
Ideal Accounts and Appetite
This program is ideal for homeowners or property investors who already carry an earthquake insurance policy but want to reduce their deductible exposure. Target properties include:
- Single Family Homes
- Duplexes, Triplexes, and Fourplexes
There are no age or size restrictions, making this a great option for both newer homes and older, larger properties. You might have a client who owns a 1920s duplex in a high-risk earthquake zone or a newly constructed fourplex in suburban California—both would be eligible under this program.
Coverage Highlights and Advantages
Key features of the Earthquake Deductible Buyback program include:
- Admitted coverage through a financially strong carrier (AGCS Marine, A-rated XV)
- Buy back earthquake deductibles as low as 5%
- Flexible policy terms designed to align with the expiration of the underlying earthquake policy
- Online quick rater to generate quotes in just 10 seconds
- Excellent pricing structure for homes of any value or size
Underwriting Notes and Minimum Premiums
There are no underwriting restrictions based on the age or size of the property. The minimum premium starts at $150, offering a cost-effective solution for your clients looking to lower their financial exposure in the event of an earthquake claim. Properties must already be covered by an existing earthquake policy to be eligible for the deductible buyback.
Territories and Availability
This program is currently available exclusively in California—an area with significant exposure to seismic events and a high demand for deductible management solutions. If you write homeowner or rental property business in California, this program can be a valuable tool for enhancing your offerings.
Why Work With Abacus Insurance Brokers, Inc.?
Abacus Insurance Brokers, Inc. is a trusted program administrator with a strong track record of delivering niche insurance solutions through digital platforms. Their Earthquake Deductible Buyback program offers fast online quoting, competitive commissions, and a streamlined underwriting process. With Abacus, you can respond quickly to client needs and position yourself as a proactive advisor in the earthquake insurance space.
Frequently Asked Questions
What types of accounts are a good fit for this program?
This program is ideal for clients in California who already carry an earthquake policy and want to reduce their deductible exposure on residential properties such as single-family homes, duplexes, triplexes, and fourplexes.
Is there a minimum premium requirement?
Yes, the minimum premium for this program starts at $150.
Are there restrictions on the age or size of the property?
No, there are no age or size restrictions for eligible properties under this program.
How quickly can I get a quote?
You can generate a quote in as little as 10 seconds using the online quick rater tool provided by Abacus.
Is the program available outside of California?
Currently, this program is only available for properties located in California.
Need help placing an account? Connect with a market specialist.