Case Study – Client No Longer Responsible for 16,000 Hurricane Deductible

Case Study - Client No Longer Responsible for 16,000 Hurricane Deductible

February 24, 2020

Case Study

Problem:  A current client proudly had her home, auto and umbrella policies with Farmers Insurance. While she was satisfied with her policy, she realized a predicament following Hurricane Matthew in 2016 when she had to file a hurricane claim. 

According to her policy, claims occurred during a named hurricane are subject to a deductible. In this client’s case, the minimum deductible was 2% of her dwelling value — which turned out to be an estimated value of $800k. Therefore, in this client’s case, if she were to have to rebuild her roof in the future because of hurricane damage, Barbara would be responsible for $16,000 (even if the cost of repairs was only a few thousand more at 20-25k). 

Solution:  Fortunately for this client, an agent at Thomas & Associates was able to find a solution to this problem by enrolling her in gap coverage through Vertus – Cat4Home. In the case there is a named hurricane (which is very common in Florida), Vertus-Cat4Home will pay the hurricane deductible ($16k in this client’s case) for the cost of only $428 per year. Instantly, this client felt at ease and more protected than ever knowing her home will be covered in the incident of a catastrophic event. 


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