HURRICANE DEDUCTIBLE PAYMENT


Homeowner’s policies typically have a deductible that is a percentage of the dwelling limit.  This is often a significant amount of money that the homeowner is responsible for before the insurance kicks in after a hurricane is even triggered.




Call or email for a quote!

All we need is your name, address and desired limit.

Venture Insurance Partners, Inc

561.746.4514 (o)

info@ventureinsaurancepartners.com

What limits are available?
A homeowner may purchase from $1,000 to $60,000 of coverage with the maximum limit in an amount equal to the hurricane deductible on the homeowners policy.

For example: insured’s windstorm deductible is $5,000 – may purchase from $1,000 to a maximum of $5,000.  If you do not carry wind coverage on your home you may purchase up to the $60,000 maximum limit.

 
How does it work?

When a named hurricane hits the insured’s location the policy pays a fixed amount – payments are determined by the strength of the named hurricane and how close to the insured property the hurricane passes.  Storm Peace uses objective data from U.S. National Hurricane Center – no human interpretation.

StormPeace – a new stand-alone product in the State of Florida designed to provide hurricane coverage that a traditional homeowner’s policy does not cover.  The StormPeace product has no deductible; there is no claims process, no adjusters and payment is often received within 72 hours after a hurricane event.  There are three ways to utilize StormPeace

HURRICANE SUPPLEMENTAL COVERAGE


Provides coverage your homeowner's policy does not cover:


  • Power restoration
  • Debris removal
  • Repairs to outdoor property and structures
  • Temporary housing
  • Evacuation expenses
  • Pool cages and lanai screens
  • Power outages
  • Boat docks and seawalls
  • Storm surge & flooding


How much does it cost?
Rates range from 2% to 8% of the desired limit.  For example: purchasing a limit of $10,000 and the dwelling is located in an area where the rate is 6%  the premium would be $600 plus taxes and fees.

Can the policy be cancelled?
No. StormPeace is an annual policy and cannot be cancelled mid-term.

Who underwrites the program?
StormPeace is backed by a highly rated global reinsurer.  Policy is underwritten by Topa, an A.M. Best A- rated carrier

Does this policy only cover hurricanes that make landfall?
No. All named hurricanes, whether they make landfall or not, are eligible.Type your paragraph here.

748 US Hwy One Tequesta FL 33469
+561.746.4514 office
+561.746.6566 fax
info@ventureinsurancepartners.com


PRIMARY HURRICANE COVERAGE


Many homeowners that do not have a mortgage exclude hurricane insurance on their home policy.

 StormPeace provides an alternative to endorsing hurricane coverage onto a traditional homeowner’s policy:

  • No deductible
  • No claims process
  • Peace of mind

HURRICANE PROTECTION PROGRAM

STORMPEACE