Waive your deductible with a High Value Home policy!

Deductible Waiver for Large Losses Endorsement is available with a standard deductible of $25,000. This endorsement allows the deductible to be waived for a covered loss exceeding $50,000. This endorsement is not generally available through direct writers on standard policies.

Opportunity:

• Market space is approximately $40 Billion
• Size of HVH market is approximately 2,500,000 homes
• 70-80% of the HVH polices are written by direct writers
• HVH policies offer additional coverage for EPLI, Waiver of Deductible & Wildfire Protection
• Average premium: $25,000
• Minimum HVH premium: $7500 - $10,000
• Better products with preferred writers and similar price with direct writers

Desirability:

• Home values of $500,000 and up
• Minimum 3 lines of business required by AIG
• CAT prone locations Chubb requires a minimum of $15,000 in non-CAT premium

Exposure Concerns:

1)  Brush

2)  Wave wash

3)  Flood elevation

4)  Wind and hail

5)  Earthquake

 Key Underwriting Questions:

1) Who is the applicant

2) General loss history

3) What risk measures are in place

4) Any animals with a bite history

Deductibles:

• $1000
• $2500
• $5000
• $10,000
• $25,000
• $50,000
• $100,000

How to Quote:

• Email submission to Stacy@Stuckey.com.

If you have any questions or would like a quote, please contact Stacy@Stuckey.com or visit our website at Stuckey.com..