Risk of hail damage increasing for car dealerships
Across North America, hail events have become more intense and frequent over the past few years. Although hail is not the first Nat Cat that comes to mind when talking about climate change, hail storms currently cause between $8 billion to $14 billion in property damage per year. As increasing global temperatures lead to intensification of hail events (larger stone size, increased storm violence), losses are expected to grow in the years and decades to come.
Traditional insurance for car dealerships is often unavailable or offered at an exorbitant price. Parametric products are an excellent alternative, providing dealerships a seamless claims experience with a near-immediate payout, allowing clients to get back to business faster.
Descartes’ parametric insurance for hail damage offers an alternative risk transfer solution
Interested in learning more? Fill out the form to download our latest case study, highlighting Descartes insurance against hail damage for dealerships.
