OPAL Earthquake Deductible Buyback Insurance (EQDBB)
Market Leading Earthquake Deductible Buyback Insurance
This coverage minimizes your insureds financial exposure to Earthquakes by reducing large Earthquake deductibles imposed on overlying policies. Enjoy peace of mind with customizable options that help ensure your Insureds insurance comply with any lender requirements.
The OPAL Earthquake Deductible Buyback Policy was designed for:
Protection
Protecting insureds from unexpected expenses, by reducing their earthquake deductibles imposed by their All Risk Property insurance programme.
Mitigating Instances
Mitigating instances where a bank or lender requirement is imposed to seek a lesser retention in order to honour a financing agreement.
Follow Form
Mitigating instances where a bank or lender requirement is imposed to seek a lesser retention in order to honour a financing agreement.
Risk Limits up to:
$5 million for commercial properties
$1 million for homeowner policies
$5 million for construction projects
Available in all 50 states
Including high-risk areas like California, Washington, and the New Madrid fault.
No Minimum Premiums
Available with no Minimum Premiums.
Minimum Retention
Buy down to as low as $10,000 per occurence
Follow Form
Our Policy uses a Follow Form to seamlessly sit under the overlying policy.
Quote & Bind Platform
Available through our award-winning, API enabled fully-digital quote and bind platform.
Tailored Insurance Solutions for Earthquake Deductible Buyback
Whether you’re managing a construction site, residential property, or commercial building, our packages provide the financial security you need. Ideal for those with significant investments at risk, our solutions offer swift compliance and verification, ensuring you’re protected against potential earthquake-related costs in today’s unpredictable environment.
15-20 Significant Earthquakes Occur in the US Each Year
The most seismically active regions are Alaska, California, Nevada, Washington, and Oregon, with Alaska accounting for a large portion of the total earthquakes due to its position on the Pacific Ring of Fire.
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Get in touch with us about gaining access to the OPAL Platform and marketing resources.
“OPAL is, and will continue to be, key to our growth goals into 2023 and beyond.”
- UK Wholesale Broker
“OPAL is, and will continue to be, key to our growth goals into 2023 and beyond.”
- UK Wholesale Broker
