Lonmar Global Risks, commercial building

Deductible Buy-Back Facility

Let us introduce you to our Lonmar specialist in-house Deductible Buy-Back facility. Designed to reduce deductibles to a manageable level on all Catastrophe exposures as well as All Other Perils (OAP) risks.

Key points:

  • Covered Perils: Named Wind, Wind, Hail, Flood, Earthquake, AOP.
  • Facility limit: $2,500,000 per occurrence – with higher limits available through Lonmar in the open market.
  • Includes coverage for Tier 1 exposures.
  • Coverage for Builders Risks including multi-year periods.
  • Catastrophe peril buy down on a per occurrence basis with no aggregation
  • Flexibility on minimum premium.
  • 100% Lloyd’s capacity.
  • 24 hour turnaround time.

In order to secure competitive terms please provide the following information:

  • Schedule of locations with full address details.
  • Construction of buildings and roofs including age and year of any updates.
  • Full 5 year ground up loss record (including historical deductibles applicable).
  • Flood zone with elevation details, if applicable.
  • Deductible buy down requirements.