Many homeowners assume a 2% wind and hail deductible means $2,000. In reality, the deductible equals 2% of your home’s insured value. On a $700,000 home, that comes out to $14,000 out of pocket before insurance pays anything. For many households, that amount creates a real financial strain.

In Colorado, wind and hail claims happen often. Roof damage from a storm is common. However, writing a check for tens of thousands of dollars is not. As a result, even well-prepared homeowners can feel caught off guard when a claim occurs.

This is where a deductible buy back policy helps.

A deductible buy back policy is a separate, low-cost policy that helps reduce or reimburse part of your wind and hail deductible. Instead of paying the full 2%, you may face a much lower out-of-pocket cost. In turn, this makes filing a claim more financially realistic.

Today’s insurance market continues to push higher deductibles. While homeowners cannot always avoid that shift, they can manage the risk. A deductible buy back policy does not increase coverage. Instead, it helps make your existing coverage usable when you need it most.

If your home policy includes a 2% wind and hail deductible, it may be worth reviewing whether a deductible buy back policy makes sense for you. We evaluate your home, roof age, and current insurance to provide clear guidance. In some cases, paying out of pocket may be the better option. In others, transferring part of that risk can help protect cash flow.

To learn more, call 303-459-2269 or email Support@siginsurancecolorado.com

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