Weather network and analytics firm Understory has launched a supplemental hail insurance product for automotive dealers in five new states.
Now live in Arizona, New Mexico, Ohio, Pennsylvania and Wyoming, Auto – Hail Safe was first launched in 2019 and is designed to allow auto dealers to protect their vehicles from hail storm damage.
A dealer chooses from different tiers of coverage depending on the desired payout and storm severity.
Next, Understory will install and maintain a Dot sensor on each policy holder’s dealership to provide precise weather measurements.
When hail reaches the conditions agreed upon in the policy, the sensor will activate claims to the insured, without the need for any paperwork or lengthy claims process.
“We’re excited to expand the reach of Auto – Hail Safe into these five new states and offer a lifeline to auto dealers, whose businesses are increasingly impacted by hail storm damage,” said Alex Kubicek, Understory co-founder and Chief Executive Officer.
“Traditional policies are no longer enough. Auto – Hail Safe allows dealers to supplement their risk management approach and bounce back quickly from a hail storm without the hassle of a lengthy claims processes or unmanageable financial deductibles.”
