With extreme weather becoming more common insurers are frequently applying higher weather excesses to your clients’ policies. EUS can provide innovative cyclone or flood “Excess Buy-down” cover to your clients’ policies that follow the same policy form as the main overlying policy.
Suitable for a broad range of occupations including tourism construction, transportation mining, and energy risks this coverage can be bought over multiple policies for the one occurrence for the same insured. EUS can also provide additional coverage in the form of “Top-up“ cover over any sublimit imposed by the main insurer. The insurance can also be tailored for earthquake risks in New Zealand.
The facilities are underwritten by Certain Underwriters at Lloyd’s of London.