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...ffers agents access to a robust In House Binding Facilities Insurance program .... Which states are eligible for this binding facility?This program is availabl...

Recent changes in weather patterns have significantly impacted policyholders, leading to a rise in wind, hail, and named storm claims. This has placed an increased financial strain on insureds as deductibles have been raised. We are thrilled to introduce our Wind/Hail/Flood/Earthquake/Fire Deductible Buy Back program, in partnership with Lockton (London) and developed by the London 'Facilities and Binders Team' in collaboration with Aegis Syndicate at Lloyd's. Our solution addresses the financial challenges caused by increased claims, allowing insureds to 'buy down' their deductible percentage to a more manageable level. The Deductible Buy Back (DBB) policy offers: Protection from unexpected expenses: Reduces wind, hail, flood, earthquake, and named storm deductibles under an all-risk property insurance program. Compliance with lender requirements: Meets bank or lender mandates for reduced retention to satisfy financing agreements. Key Features of the DBB Policy: Covers windstorms, hurricanes, floods, and earthquakes (and Fire - New) in both coastal and inland/non-coastal areas prone to tornadoes and hail. Offers a maximum risk limit of up to $3 million. Available without minimum premium requirements. Requires a minimum retention of $5,000 per occurrence for policies with a TIV below $25 million, and $10,000 for policies with a TIV above $25 million. Applicable in all 50 states. Utilizes a follow-form structure that aligns with the overlying property policy. Accessible through our award-winning digital quote-and-bind platform. Broad coverage suitability, with proven success in condos, multi-family housing, hotels, offices, and retail spaces. Weather-Related Disasters at a Glance: 341: Number of billion-dollar disasters in the U.S. since 1980, with a total cost of $2.48 trillion. 5.3: Average number of billion-dollar disasters (severe storms, tropical cyclones, and flooding) per year since 1980. $57.8 billion: Average annual cost of these disasters since 1980. Benefits of Using Our Program: Instant access to bindable quotes and policies, saving valuable time. Customizable policy documents with white-label branding options. Sales and marketing resources to optimize business efforts. In order for us to quote we need: full address, loss history, total insured value, existing deductible amounts and buy down requirements underlying policy at bind

...s and Advantages Fast quoting, binding, and issuance on many programs—built...uipment—are set up for fast quoting, binding, and policy issuance through stre...

...alth facilities, including halfway houses Federally Qualified Health Centers...s, including ACOs, FQHCs, and halfway houses. What types of coverages are avai...

...h multiple A-rated carriers and in-house binding authority where available. ...cess to multiple A-rated carriers, in-house binding authority on eligible risks, and ...

...faster with underwriters who have binding authority and industry experience. ... at events and box offices. Direct binding authority through T.H.E., which c...

... placing single-family residential houses or multi-million-dollar office build...

...o tracks, bridges, tunnels, signal houses and other railroad-owned facilities....ion to speed the submission process. Binding times are often quick; provide sc...

...plicants with felony convictions Houseboats and properties leased primarily ...or recreational use, student housing, houseboats, assisted living facilities (...

...ments to secure timely quotes and binding. Minimum premiums vary by carrier...-oriented support from submission to binding. Agents benefit from quick tur...