Specialised Business Insurance Natural Disaster (Earthquake) Excess Buy-down

Natural Disaster (Earthquake) Excess Buy-down

Many insurance policies have an excess clause. This means that in the event of a claim, the policyholder is responsible for covering a certain portion of the loss. The Excess can be quite high for natural disasters such as earthquakes, especially in regions prone to seismic activity. The natural disaster policy excess normally ranges between 1.0% to 10% of the material damage sum insured depending on the geological region and age of the building.

Natural Disaster (Earthquakes) Excess Buy-down Insurance offers a way to tailor your business insurance coverage to better suit your needs and protect your finances against the potentially devastating financial impact of seismic events.

For more information, contact our specialised team of Insurance Brokers today.

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