If you have a policy with Adirondack Insurance Company and own a property in a coastal area of New York, there’s good news for you: Adirondack has announced a Hurricane Deductible Buy-Back program for new and current clients.
Regardless of the mandatory percentage hurricane deductible you have now, you will have the option of buying down your hurricane deductible in 1% increments all the way down to your all peril deductible. This provides you with additional flexibility in choosing between coverage and premium cost.
If you currently have a mandatory hurricane deductible, you will receive a letter like this one (pdf) with your renewal letter.
This enhancement is available for new policies processed after February 1, 2014 and renewal policies effective March 8, 2014 or later.
Questions? Call us at (516) 484-5200!