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.
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All we need is your name, address and desired limit.
Venture Insurance Partners, Inc
HURRICANE PROTECTION PROGRAM
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.
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
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:
HURRICANE SUPPLEMENTAL COVERAGE
Provides coverage your homeowner's policy does not cover:
1003 W. Indiantown Road, Ste 215, Jupiter, FL 33458