General Star offers a Wind Deductible Buyback Property Program on a non-admitted basis that will allow a commercial risk to buy down their commercial property wind deductible.

Coverage Offered

• Coverage is provided for the perils of wind and hail
• Extended to all wind or hail events at the covered location
• Available for Building, Business Personal Property, Business Income, Improvements and Betterments covered under a commercial policy form

Risk Appetite

• Commercial properties with up to $5,000,000 in total insured values

Ineligible Exposures

• Any risk located on a boardwalk or pier

Minimum Premiums

• $1,250 (All premiums fully earned at time of inception)

Deductible

• Ten percent (10%) of the in force wind deductible subject to a minimum deductible of $2,500

Limits

• $100,000 in coverage limits may be supplied on any one policy

Territory

• Varies by client

Submission Requirements

• Any wind or hail losses reported at a covered location within the past
  five years
• Frame construction over 75 years of age and less than 2,500 feet
  to tidal water