Property products
Natural Disaster Deductible Buydown
This cover allows you to reduce the excess that you would have to pay if a claim is made in the event of a natural disaster.
A buyback deductible can be purchased separately or added onto an existing insurance contract
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Policy wordingCoverage
Limits first-dollar losses
This provision reduces the excess, thereby limiting the initial losses you incur.
The difference between the deductible of the overlying insurance policy and the insured's retention
The policy covers the difference between the deductible of the overlying insurance policy and the insured's retention - in the event of a natural disaster, clients can significantly reduce their out-of-pocket expenses by lowering the deductible they need to pay.
Flexible purchase options
A buyback deductible can be bought separately or added to an existing insurance contract.
Benefits
Setting the standard
Delta is the first underwriting agency in the Asia-Pacific region to receive AM Best’s PA-2 (Excellent) performance assessment for the third year running. This independent assessment evaluates data and processes, business continuity plans, security, people, and culture.
We've got you covered
With over 30,000 risks insured across 18 products in Property, Financial Lines, Technology, Environmental, Commercial Motor, and Specialty lines, Delta underwrites products tailored to the needs of the New Zealand market.
You're in safe hands
Our claims experts boast an impressive average of 12 years of experience. When a loss occurs, Delta's dedicated in-house claims team, equipped with local authority and expertise, steps in. Brokers liaise directly with decision-makers, ensuring a transparent and individualised response.
- Up to $2m buydown sum insured for any one location
- Any property with existing natural disaster cover
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Frequently Asked Questions
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