Tier 2 sits inland of the highest-hazard Tier 1 band. Property here is still wind-exposed and commonly carries a percentage wind deductible, though deductibles and pricing are generally somewhat lower than in Tier 1. It remains core territory for wind deductible buy-down.
What it means for owners
Owners in Tier 2 sometimes assume their exposure is modest, but a percentage deductible on a sizable property still translates to a large dollar retention. Because Tier 2 can also see all-other-wind and hail events, the deductible may be triggered by more than named storms. A buy-down reduces the retained wind deductible to a chosen attachment point, following form to the overlying property policy. Terms depend on the property and are governed solely by the terms of the issued policy.