Client NEED
With a large number of exposed vehicles and a high risk for hail, a car dealership was looking for a solution to help recover losses from decreased car value and building damage following a hailstorm.
Pain point: The dealership’s traditional coverage included high deductibles and several exclusions.
Our solution
Our hail parametric insurance policy covers this car dealership, using a specific weather station for hail installed on site.
There is no deductible, no exclusion and a fast payout in case of hail storm.
THE RESULT
In 2019, a hailstorm passed over the insured dealership and the weather station recorded hail in excess of 3.8 cm, which triggered the policy.
The client received a rapid payout and was able to recover quickly from the storm, filling in the gaps in the client’s traditional insurance policy.
.svg)
