Parametric Hail Insurance for Car dealerships

Risk of hail damage increasing for car dealerships

In recent times, the risk of hail damage for car dealerships across North America has surged, with more intense and frequent hail events becoming the new norm. While climate change discussions often focus on natural catastrophes, hail isn’t usually the first thing that comes to mind. However, hail storms in the US currently cause property damage ranging from $8 billion to $14 billion annually. With global temperatures on the rise, hail events are getting stronger, leading to bigger hailstones and more violent storms. Consequently, there will be expected growth in financial losses over the years and decades to come.

Insurance Challenges for Car Dealerships

Traditional insurance for car dealerships is often unavailable or offered at an exorbitant price. Recognizing the escalating risks and coverage gap, Descartes introduces an alternative risk transfer solution – parametric insurance products. These solutions provide car dealerships and businesses with more than just coverage; we offer a seamless claims experience coupled with swift payouts, ensuring businesses can recover faster and resume operations.

Descartes Parametric Hail Insurance

Descartes’ innovative  parametric hail insurance designed specifically to address the peril of hail damage. This innovative risk transfer solution stands as a shield against the unpredictability of  hail storms.  Dive into our comprehensive case study to learn how Descartes hail coverage empowers auto dealers / car dealerships to overcome challenges and secure their investments effectively.

Fill out the form and gain access to Descartes latest case study, detailing the robust protection offered against hail storms. Don’t let hail damage hinder your business – take proactive steps with Descartes today.