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New renewable energy deductible buyback program introduced

AEGIS has partnered with GCube to offer a deductible buyback property program for AEGIS members who own/operate wind or solar facilities.

Deductibles as low as $100,000 for property damage and 30 days for business interruption are available, and lower deductibles are available if warranted, in cases such as small-scale solar projects below 5-10 MW capacity. The program covers the difference between the corporate deductible and the GCube-quoted deductible. For example, if the corporate master program has a $1,000,000 property deductible, the AEGIS-GCube Buyback Program offers coverage up to $900,000 excess of $100,000.

The policy form for the buyback will be the broad GCube renewable form for wind and solar, but the policy will be issued on AEGIS paper.  AEGIS can retain this risk or cede it to a GCube-arranged reinsurance slip.  Brokers can submit an application to either GCube or AEGIS.  For more information, please contact Gary Ladman by e-mail or by phone at 201.508.2802.