Clarifies the definition of a Catastrophic Event to ensure that a single event (such as Earthquake, Flood, or Named Storm) is treated consistently, reducing the risk of multiple deductibles being applied to the same occurrence and helping avoid potential coverage gaps.

Estimated loss refers to the potential financial impact of claims being subject to higher deductibles, aggregate limits or reduced coverage when a loss is caused by certain catastrophic events, like flood, earthquake or hurricanes. We've based our estimate on the increased costs due to such classifications.

Standard property insurance policies may define certain catastrophic events differently,  triggering higher deductibles, lower sublimits, or exclusions. This can lead to reduced claim payments or increased out-of-pocket expenses during major loss events.

USI collaborates with carrier partners to clarify or amend the definition of catastrophic events, such as flood, earthquake or named storm, in your property policy. This enhancement aims to minimize the application of restrictive provisions, ensuring you receive optimal coverage and deductible terms during significant events.

Typically, no. Because of USI's expertise in risk management and strong relationships with insurers, we're often able to provide you with highly tailored insurance solutions with increased coverage at no additional cost.

No. These recommendations are a preliminary hypothesis based on what we know about you. Once we're your broker, USI will determine what data we need to perform a comprehensive analysis of your property coverage needs.

Every property is different, and the level of risk depends on factors such as operational hazards, natural catastrophe exposures, and physical protection in place. We analyze the specific risk factors of your property and recommend enhancements based on those findings. Rather than overselling, our goal is to offer coverage that matches your property’s unique exposures, preventing you from having to bear the financial burden of unexpected repairs.

The claims process with these enhancements is straightforward. These coverage enhancements ensure that more of your property is protected, reducing the chance of disputes over what is or isn’t covered. We streamline the process by clarifying coverage upfront and working closely with your carrier to minimize delays or complications in the event of a loss.