The Texas Homeowners Deductible Buyback (THDB) Policy reduces the homeowner’s non-wind and hail deductible from 1% to $200 for losses that are covered by the standard homeowner’s policy.

It is not uncommon for homeowner’s to be advised that they can save money on their homeowner’s insurance by increasing their deductible.

While technically this is true, one loss with a high deductible can wipe out years of premium savings in an instant.

In the event of multiple losses (one week the washing machine overflows and then a few months later the water heater bursts) high deductibles have the potential to cause significant financial distress.

The Texas Homeowners Deductible Buy-Back Policy can lower a typical homeowner’s exposure by reducing their non-wind & hail deducible to $200 for losses covered under their existing homeowner’s policy.

The choice is between a little savings today, versus the potential for significant savings in the future in the event of a loss.

Coverage is provided up to the Clause 2 /All Other Perils deductible amount in the overlying homeowner’s policy less $200 (insured’s retention) up to a maximum of $10,000 (1% of the Coverage A limit). No buy-back is available for the deductibles covering the perils of: (1) windstorm and/or hail, (2) theft and (3) earthquake. No coverage is provided for Section II (Liability) covers.

The policy is written on a non-admitted basis using Mt. Hawley Insurance Company (a division of RLI Insurance Company) A+ rated paper and is available exclusively in Texas at this time through USHT, Inc.

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