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Abacus Insurance Brokers Launches Online Earthquake Deductible Buyback Program

Feb 09, 2010, Source: Abacus Insurance

LOS ANGELES, CALIF.-- Abacus Insurance Brokers, Inc., a Los Angeles-based program manager that distributes specialty insurance products online through www.abacus.net, has launched an online program that enables homeowners to reduce the deductible on their existing earthquake policy.
The earthquake deductible buyback program is available in California and allows the owner of a single family residence, duplex, triplex, or fourplex to reduce their earthquake deductible to as low as 5%. Coverage is backed by an A rated, size XV, admitted carrier.

With a minimum premium of $150 and no age restrictions, the program will appeal to a broad base of homeowners who own property ranging from small residences to mansions.

"We are excited about the launch of this program" says Darren Lewin, vice president of program development, Abacus.  "A void in the market has now been filled as this buyback program allows for a fairly priced deductible reduction on residences of any size. The Abacus program breaks the price barrier and makes lower earthquake deductibles affordable to almost every property owner."

For more information about the Earthquake Deductible Buyback Program www.abacus.net/programs/earthquakebuyback or go to www.abacus.net or contact Darren Lewin at 310-500-2302, darren.lewin@abacus.net.

About Abacus.net

Since 1998, Abacus has managed insurance programs that function entirely online. Through the proprietary abacus.net platform, brokers access specialty programs from top-tiered insurance companies. Lines and coverages from multiple carriers are assembled into a single integrated quote. The abacus.net platform performs all aspects of the insurance transaction including quoting, order placement, policy issuance and endorsing. Brokers and carrier partners benefit from substantial efficiencies, increased revenues, and cost reductions. The programs on abacus.net are written through top-tiered insurance carriers, distributed nationwide, and accessed by over 2,000 broker offices, representing over 5,000 insurance professionals.  Visit www.abacus.net or contact Darren Lewin, CPA, CMA, CPCU, vice president of programs at 310-500-2302, darren.lewin@abacus.net.