With the more frequent occurrence of extreme weather events, insurers have become increasingly cautious when underwriting weather-exposed risks.

In the event that a higher excess has been imposed or cover has been limited, we can arrange excess buy-down or top-up cover for any weather-related peril including cyclones, floods, bushfires and also NZ earthquakes, suitable for a broad range of occupations including tourism, construction, transportation, mining and energy. We can also assist brokers to obtain primary cover in higher risk locations.

Excess buy-down cover features:

• Up to $750,000 limit for flood/cyclone excess.
• Sum insured or percentage of loss.
• Policy wording follows the same policy form as the overlying policy.
• Can be bought over multiple policies for the one occurrence for the same insured.
• Can be tailored for earthquake risks in New Zealand.

Top-up cover features:

• Additional cover up to $750,000 over sub-limits imposed for cyclone/flood perils on main/primary policies.
• Extension follows the same policy form as the main/primary policy.

These facilities are underwritten by Certain Underwriters at Lloyd’s of London.

For more information about our excess buy-down or top-up cover, please email us at roy@platinumplacements.com.au or call us on 0412 662 262.