Texas Windstorm Deductible Buyback Transforms Property Costs Today
Financial Benefits and Cost Implications
The primary benefit of a windstorm deductible buyback is the reduction in upfront costs when a claim is made. This can be particularly advantageous for homeowners who might struggle with large, unexpected expenses. While the buyback policy itself comes with a premium, many find the peace of mind and financial predictability it offers to be well worth the investment.
According to industry data, the cost of a buyback policy can vary widely based on factors such as the location of the property, the value of the home, and the size of the deductible being covered. On average, these policies can range from a few hundred to a couple of thousand dollars annually1.