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.

Andros Chien, Underwriter

email: achien@cansure.com

phone: 604.539.5348