Lower Deductibles and Lower Premiums
What Is Deductible Buy Back?
Deductible buy back coverage is a second insurance policy designed to reduce large out-of-pocket deductible exposures after a covered loss. A deductible buy back policy can lower your deductible as $2,500.
Who Should Consider a Buy Back Policy?
Homeowners, property owners, businesses, HOA’s, real estate investors and anyone with a high wind, hail, hurricane, fire, flood, or earthquake deductible.
How It Works
1. Keep Your Current Policy (Overlying Coverage)
Keep your existing insurance policy and deductible. You can also ask your agent to quote a 3%, 4% or 5% deductible (Lowers Your Premium).
2. Add Buy Back Coverage (DBB Policy)
Get a deductible buy down quote to lower your deductible as low as $2,500.
3. Add Up The Savings
Overlying premium + DBB premium = savings in premium + lower out-of-pocket deductible.
Quick Example
| Item | Amount |
|---|---|
| Covered Loss | $35,000 |
| Primary Policy Deductible | $10,000 |
| Deductible After Buy Back | $2,500 |
| Buy Back Benefit / Out-of-Pocket Savings | $12,500 |
Get a Custom Quote and Comparison
Request Your Quote or Call 888-528-0700
Actual Example of Wind/Hail Deductible Savings Comparison
| Current Carrier & Deductible | Current Carrier Diff Ded | Current Carrier Diff Ded | Current Carrier Diff Ded | |
|---|---|---|---|---|
| TIV – Overlying Coverage or Value | $1,215,000 | $1,215,000 | $1,215,000 | $1,215,000 |
| Comparison Deductible Percentage | 1% | 5% | 3% | 3% |
| Comparison Deductible Amount | $12,150 | $60,750 | $36,450 | $36,450 |
| NEW Deductible after buy back | Current | $5,000 | $5,000 | $10,000 |
| Deductible Savings vs Current | – | $7,150 | $7,150 | $2,150 |
| Premium Overlying Coverage | $10,000.00 | $3,849.79 | $4,335.03 | $4,335.03 |
| Deductible Buy Back Premium | – | $3,764.51 | $2,464.92 | $1,986.62 |
| Total All Premiums (Overlying + DBB) |
$10,000.00 | $7,614.30 | $6,799.95 | $6,321.65 |
| Premium Savings | Baseline | $2,385.70 | $3,200.05 | $3,678.35 |
Scroll right to see the entire table
Agents – This is B.I.G.
Offer your clients deductible buy back solutions!
Join Our Team
Aviation Insurance
Props | Turbo-Props | Jets | Drones
Owner-Flown & Rental Aircraft
Owners, pilots and rental non-owned aircraft
Corporate Aircraft
Professionally flown aircraft, corporate fleets and business aircraft.
Specialty Aviation
Specialty risks for pilots, aircraft use, high-limits, special operations, high-hull values and other risks.