REMI™ PRODUCT LINE
The “top of the line” real estate economic catastrophe insurance. With a specified premium and deductible, potential increasing coverage and the opportunity of a cash value, the REMI™ Guard I has the bells and whistles the real estate industry will appreciate.
TARTAN RE's REMI™ GUARD I
Variable Product - This product has a specified premium, a specified deductible amount and a specified deductible percentage. The proposed insured when applying for coverage selects the specified deductible and deductible percentage they want, and then the specified premium is calculated. If the specified deductible amount and percentage are reached, then an increasing coverage begins. The product may have a cash value prior and proceeding the specified deductible amount, which would be accessible to the insured. However, if pay out of the cash value (if any) is elected by the insured, no further coverage is in force and the policy terminates. Any cash value available is a current market driven factor and any cash value can fluctuate (and may go to zero) significantly during the term of the policy. An example of a proposed insured electing coverage to begin after a 5% deductible is met with increasing coverage thereafter (coverage amount is a market driven). |
An example of a proposed insured electing coverage to begin after a 5% deductible is met with increasing coverage thereafter (coverage amount is a market driven):
DEDUCTABLE | COVERAGE AMOUNT | ||
5% | $ 0 | ||
10% | $100,000 | ||
15% | $200,000 | ||
20% | $300,000 | ||
25% | $400,000 |
and so on |
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