Don't Pay the Full Deductible on your Multi Family Policy

[Matt Moylan]

If you could pay 3/10ths of something would you?

What if I told you there are ways in insurance to decrease a $100,000+ deductible down to $20,000 or $30,000 AND pay only slightly more premium?

How is this possible? Through a “Deductible Buy Down” policy.

The buy down policy pays the difference between a ridiculously high deductible which multiplies your savings. (Regular deductibles and hail deductibles are often the highest)

Here’s a cost example to show the potential savings:

Let’s say the total cost of the Deductible Buy Down policy is $20,000/yr with a $10,000 deductible.

Your normal insurance policy deductible is $110,000/occurrence.

$20,000 + $10,000 = $30,000

$110,000 - $30,000= $80,000 in savings!

What policies can a Deductible Buy Down policy collaborate with?

- commercial buildings

- apartment complexes

- senior living communities

- self-storage facilities

- rental portfolios

- distillery’s

- brewery’s

- ..... and more

If your broker/agent doesn’t know about these tremendous programs, I’d be happy help educate you further.  

Feel free to message me or comment with questions.

[Simcha Davidman]

@Matt Moylan interesting.

Is there a deductible on the buydown policy? But then they pay the whole deductible of the primary?

How does the cost of the buydown policy compare to the cost of just paying for a lower deductible?