Homeowners Facing Big Deductibles? Mission Says it Has a Buyback Plan for That
It’s not unusual in today’s housing market to own a home valued at $1 million or more. It’s also not that rare for the insurance coverage on a high-end home to carry a $100,000 wind deductible.
Mission, a group of specialty underwriters and program administrators based in Alpharetta, Georgia, this month announced a new program designed to ease the burden of a large deductible: ShelterWind provides a hail and all-wind deductible-buyback plan for middle and high-market homeowners, the company said in a news release.