EARTHQUAKE DEDUCTIBLE BUYDOWN

Cansure’s Earthquake Deductible Buy-Down product is designed to be written as an extension to an existing Cansure policy, or as a stand-alone policy over any insurance policy. Today, the minimum earthquake deductible on an insurance policy can be as much as 20% of the policy limit. With this product, you can buy your deductible down to as low as 3%.

For example, if you had a $10MM building with a 20% Earthquake deductible, you would be responsible for payment of $2MM as your deductible. If you bought the deductible down to 5%, you would only be liable for $500,000 and the Buy-Down coverage would pay the difference of $1.5MM in the event of an Earthquake claim.

Download our product brochure for more details.

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(604) 539 5348 achien@cansure.com

Andros Chien, Underwriter

Andros Chien began his insurance career with Cansure in 2017. Since then, Andros has progressed from a Reception and Underwriting Assistant role to a Intermediate Underwriter for Commercial Lines. Beginning in general property and casualty accounts, he is now part of the Inland Marine team, as well as the Practice Leader for Earthquake Deductible Buydown. Andros holds his Chartered Insurance Professional (CIP) designation, a Bachelor of Science degree in Biomedical Physiology and Kinesiology and Health Sciences from Simon Fraser University and is currently working on obtaining his Canadian Risk Management (CRM) designation.