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Printer Friendly Version
| | Climate Risk : Global Weather - ACE SPECTRA: Wind Deductible Buydown for Builders Risk |
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- Named Storm Deductible buy back for construction projects
- Can be purchased as stand-alone named storm coverage, or to cover an existing wind storm Builder's Risk policy deductible
- Maximum policy term is three years. Longer periods will be considered on an exception basis.
- Can be structured as an annual aggregate cap on wind deductible losses. Applicable for construction project portfolios.
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- Minimum Deductible: $100,000 per occurrence/location
- Minimum Premium: $100,000
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- Up to $10 million per location
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- Typical Client Profile:
- Construction Industry: Any class of construction
- Any construction project in coastal areas subject to named storm peril
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- Manage high per occurrence windstorm deductibles in coastal construction projects
- Coverage available for long term construction project spanning multiple years
- Manage multiple windstorm occurences within a single season with the annual aggregate deductible cap
- Streamlined policy language for stand alone windstorm coverage
- Can follow form with primary builder's risk policy if required
- Financial Strength: ACE USA consistently receives among the highest ratings for financial strength from the industry’s principal rating agencies
- Innovation: Our entrepreneurial business philosophy and comprehensive industry knowledge allows us to remain flexible in finding the right solution for our clients
- Local Presence: Our regional teams – located in 18 regional and branch underwriting offices throughout the U.S. -- have the authority to make decisions locally
- Customer Focus: Whether your client is a large multinational, a domestic company or a small business, we have customized products and services to meet a wide range of industries
- Superior Service: Our dedicated, solutions-oriented professionals strive to excel in providing the high level of service expected by brokers and their clients
- Global Reach: As part of the ACE Group of Companies, we can tap into the resources of a global network of affiliates and partners providing products in more than 150 countries around the world
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