Earthquake Deductible Buy-Down for Commercial Properties

Up to $5M buy-down capacity. Deductibles as low as 3%. Available across Canada (excluding Quebec).

Earthquake Deductible Buy-Down

Fast, Flexible, and Available 24/7

Earthquake Deductible Buy-Down for Commercial Properties

Coverage that lowers your client’s earthquake deductible exposure, backed by 24/7 portal access.
When earthquakes strike, the deductible on a commercial property policy can leave clients with millions in out-of-pocket exposure before insurance applies. SPG Canada’s Earthquake Deductible Buy-Down program gives brokers a fast, flexible way to lower that exposure for their commercial clients across Canada.

Built For Brokers. Backed By Specialty Earthquake Expertise.

Most programs in the market cap capacity well below $5M or restrict eligibility by occupancy type. Our program is different. We offer up to $5 million in buy-down capacity, support overlying TIVs up to $200 million, and bring deductibles as low as 3%. The program is open to all commercial occupancies nationwide, excluding Quebec, and the underlying property policy does not need to be placed through SPG Canada.
Brokers can quote, bind, and issue policies 24/7 through the SPG Canada Portal — making it one of the easiest earthquake deductible solutions to place in the country.

Key Coverage Highlights:
  • Up to $4 million in EQ deductible buy-down capacity
  • Maximum overlying TIV up to $200 million
  • Deductibles as low as 3% of the insured limit
  • Available as a stand-alone policy or alongside a commercial property policy
  • Underlying property policy does not need to be placed through SPG Canada

  • 24/7 quote, bind, and issue through the SPG Canada Portal

  • In-house claims handled through Specialty Claims Canada with delegated authority

  • Available across Canada, excluding Quebec
Target Classes We Cover

Property types and risks we underwrite under this program:

  • Manufacturing and industrial facilities

  • Warehouse and distribution centers

  • Office buildings

  • Retail and hospitality properties

  • Commercial strata corporations
  • Mixed-use commercial properties
  • Owner-occupied and tenanted commercial buildings
  • All construction types built 1950 and newer
  • Properties with TIV up to $200 million
Who Benefits from This Insurance

Client situations where this coverage delivers the most value:

  • Brokers placing risks for clients in BC and other Canadian seismic zones
  • Clients facing high earthquake deductibles (10% to 15%) on their primary policy
  • Clients with significant out-of-pocket exposure following a seismic event
  • Property owners looking to protect cash flow and balance sheet from a major loss
  • Tenants required to carry earthquake coverage but limited by their landlord’s deductible
  • Clients who need the underlying property policy to remain with another carrier
  • Clients who want a stand-alone earthquake deductible solution
  • Clients who need fast quote, bind, and issue turnaround through a 24/7 portal

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SPG Canada Portal Built for Brokers

With the SPGC Portal, brokers can:

  • Get real-time quotes instantly

  • Bind coverage online — no phone tag

  • Download policy documents on demand

Available 24/7. Because your clients don’t wait, and neither should you.