ShelterWind Introduces New Deductible Buyback Insurance Program
ShelterWind Launches a Groundbreaking Insurance Solution
Led by insurance industry leader Simon Hudson, ShelterWind is stepping up to offer brokers and agents a proactive, positive solution aimed at lightening the financial load on homeowners in areas vulnerable to storms. This initiative provides a way for property owners to safeguard their investments with enhanced coverage.
Introducing the All-Wind and Hail Deductible Buyback Policy
Today, ShelterWind unveiled a comprehensive all-wind and hail deductible buyback insurance policy, designed exclusively for homeowners with varying structural valuations, going up to an impressive $50 million. Backed by Certain Underwriters at Lloyd's, this standalone option has been tailored to support middle-market and high-value homeowners seamlessly.
Benefits of the Buyback Policy for Homeowners
Homeowners will find significant value in ShelterWind's deductible buyback policy. This insurance helps to greatly reduce the out-of-pocket deductible amounts that property owners must shoulder before their primary insurance intervenes to cover claims arising from wind-related disturbances, such as hurricanes, named storms, and hail.
The policy qualifies as an excess follow form, open across all 50 states, although it's particularly designed to cater to the needs of the 18 coastal, wind-prone states stretching from Texas all the way to Maine. It works hand-in-hand with existing residential and commercial coverages, providing both occurrence and aggregate coverage limits. This means property owners can enjoy protection against multiple wind-related incidents within a single policy term.
Visionaries Behind ShelterWind
ShelterWind is part of the respected MISSION portfolio of insurance programs. Founded through the combined efforts of Simon Hudson and Joe Braunstein, both visionary pioneers in the insurance industry, ShelterWind is committed to innovation and development. Their collaborative efforts are geared towards building products that meet modern challenges while driving growth in today's market.
Simon Hudson states, "The personal lines insurance arena is currently undergoing profound disruptions. With the increasing risks posed by natural disasters, there is an urgent need to meet the needs of property owners in weather-sensitive regions effectively." He elaborates, as severe weather incidents continue to rise, this insurance product assists brokers and agents in addressing these issues by alleviating the financial burden on homeowners.
The Unique Advantage of ShelterWind's Offering
What truly sets ShelterWind's deductible buyback policy apart in the current landscape is its inclusive coverage. Unlike some products limited to hurricanes or named storms, it provides protection against a range of major wind and hail risks, including convective storms that might arise throughout the country. Joe Braunstein, a Transactional Underwriter at ShelterWind, highlights this unique feature, making it a valuable option for homeowners seeking robust protection.
About ShelterWind
ShelterWind is dedicated to offering relief to both residential homeowners and commercial property owners who face hefty primary policy deductibles through their innovative wind deductible buyback insurance policy. As trusted advisors, they are committed to delivering personalized service and ensuring long-lasting, affordable deductible buyback options for their clients.
About MISSION
MISSION is a forward-thinking program administrator focused on empowering top-tier professionals to create specialized insurance programs. By providing entrepreneurial underwriters with essential capacity, expertise, and resources, MISSION enables them to launch insurance products effectively and efficiently.
Frequently Asked Questions
What is the purpose of ShelterWind's deductible buyback insurance?
ShelterWind's deductible buyback insurance aims to help property owners lessen their financial obligations by reducing out-of-pocket deductibles required before insurance coverage kicks in.
Who can benefit from ShelterWind's insurance policy?
This insurance policy primarily benefits middle-market and high-value homeowners with structural home values up to $50 million.
In how many states is the deductible buyback policy available?
The deductible buyback policy is available in all 50 states, although it is most effective in coastal states vulnerable to wind exposure.
What types of weather events does the policy cover?
The policy covers claims arising from various wind-related events including hurricanes, named storms, hail, and even convective storms.
Who are the founders of ShelterWind?
ShelterWind was co-founded by Simon Hudson and Joe Braunstein, both of whom have notable experience in the insurance industry and a track record of innovation.
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