Homeowners Insurance Deductible Coverage
- Concept: A “Deductible Buydown Policy” that covers the financial gap between a homeowner’s primary insurance deductible and a lower, predetermined amount.
- Purpose: To help homeowners manage the risk of high out-of-pocket costs and meet the maximum deductible limits often required by mortgage lenders.
- Target Audience: Homeowners with high deductibles, new homebuyers, financially risk-averse individuals, and those living in areas prone to specific perils like hail (e.g., St. Louis).
