For homeowners who own properties within 50 miles of the coast and currently have a separate wind/hail deductible, there is now an option to buy down your deductible.

Typically, this option is most beneficial when there is a percentage deductible, and the homeowner wants to have a lower, flat deductible in the event of a wind/hail event.

Example:

If a home is insured for $2,000,000 with a 2% wind/hail deductible, the deductible for a wind/hail event would be $40,000.

For a fixed premium, that deductible could be bought down to a $10,000 flat deductible.

This new coverage option is currently available in all U.S. coastal states, with the option to buy down to as low as $10,000 flat.