Transurance Services, LLC

Frequently Asked Questions

What does Transurance pay for ?
Transurance pays for losses that occur in conjunction with traditionally
insured losses but which are not covered by traditional insurance
policies. We refer to these losses as “collateral damage." The
Transurance proceeds may be used by the insured for any purpose,
without qualification. Transurance simply pays a specified percentage of
the loss paid by a referenced traditional policy, i.e. 10% Transurance
means that the Transurance policy will pay 10% of the referenced loss
payment.

How significant are Collateral Damages?
Our research indicates that collateral damages are usually 30% to 50% of
insurance recoveries. However, this percentage is much greater for very
small and very large claim payments amounts. Read this article for more
details. Not Fully Paid: Property Claim Experts Speak Out

Which industries should consider Transurance?
Collateral damages occur with every type of property and casualty loss
regardless of the location of the property, the industry involved in the loss,
or the peril that causes the loss.

How valuable is Transurance from a risk management perspective?
Dollar for dollar, Transurance has as much or more value than the
insurance that it references but without all of the hassle that is involved in
buying traditional insurance coverage and settling insurance claims.
While the probability of having a property or casualty loss is relatively
small, the consequences of that loss may be devastating. Just as
insurance helps mitigate the financial impact of the direct costs
associated with such a loss, Transurance helps mitigate the collateral
damage.