ShelterWind, a programme administrator dedicated to simplifying claims for property owners, has launched a standalone all-wind and hail deductible buyback insurance policy.
The policy reduces the out-of-pocket deductible for wind-related events such as hurricanes, named storms, and hail. While available nationwide, it offers particular value in the 18 coastal states most exposed to wind risks, from Texas to Maine.
Compatible with primary residential and commercial policies, it provides both occurrence and aggregate limits, covering multiple wind events within a single term.
Part of the MISSION portfolio, ShelterWind was founded by Simon Hudson, CEO of ShelterWind, and Joe Braunstein, Transactional Underwriter at ShelterWind, both experienced insurance leaders known for scaling businesses successfully.
“The personal lines insurance market is experiencing significant disruption, driven by rising natural disaster risks and mounting pressure to adequately serve property owners in weather-exposed regions,” added Hudson.
“As severe weather events become more frequent and intense, this product offers brokers and agents a proactive solution to ease the financial burden on property owners by reducing the cost of deductibles and providing fast access to funds to rebuild and restore.”
“What makes this product uniquely valuable in today’s market is that it isn’t limited to hurricane or named storm coverage; it protects against all major wind and hail exposures, including convective storms, across the country,” said Braunstein.
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