Earthquake deductible buy-down policies. Are they worth it?

Earthquake deductible buy-down policies. Are they worth it?

iStock.com/Eymen Uzunkok Insurers are offering earthquake deductible buy-down policies as a way to help policyholders cover costs incurred up to the level of their policy deductibles. Some see the potential of this product as an innovative way to help consumers overcome high earthquake deductibles. But others caution the devil is in the details. Some brokers suggest earthquake buy-down policies may be of limited value because they aren’t trigger…