Are your clients prepared for the next catastrophic storm? With insurers increasingly shifting risk to property owners through percentage deductibles, insured losses from events like hurricanes and floods can be devastating. Discover how brokers can use strategic approaches to minimize the impact of these deductibles and protect their clients.

A GREATER SHARE OF THE RISK:
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When a catastrophe such as a hurricane or earthquakes strikes a wide area, the insured losses can easily add up to the billions of dollars. As property values have risen over the years, so have insurers’ catastrophe losses. To limit their own risks, carriers are more often requiring property owners to retain a greater share of the exposure through percentage deductibles based on the overall value of the property at risk, rather than flat deductibles set at a specific monetary value. While percentage deductibles can leave insureds facing much higher losses, there are strategies brokers can use to help lessen the impact.