AUTO

Find growth in disaster by protecting your assets

On average, new cars cost more than $30,000, and the inventory in one dealer’s lot can run into the millions. And one hailstorm can damage it all. Hail insurance is so costly, dealerships currently have to buy addendums to make sure their entire inventory is protected. The destructive and ghostly nature of hail makes the hail claim processing slow and arduous. But with Hailios technology and services, a dealership has immediate access to the data needed to process a hail claim in a matter of days instead of weeks or even months.

Hailios makes it simple for dealerships to get better hail coverage, especially parametric insurance. Once a storm of a predetermined size strikes a sensor, parametric coverage is immediately triggered. There’s no need to wait for an adjuster to come and assess damages.

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Sitting Ducks: Why Auto Dealers Need Parametric Hail Insurance

In 2019, hail damage claims exceeded $10 billion for the eleventh consecutive year. What is even more shocking is the increasing threat that hail poses for automobile dealerships. In fact, a 2018 storm that produced baseball-sized hail in the Dallas-Fort Worth area...

5 Ways to Protect Your Car from a Hail Storm

Hail can cause thousands of dollars in car damages after a single storm. The most vulnerable parts of a car are the hood, roof, trunk lid, and any glass, including windows, windshield, sunroof, and side mirrors. In order to protect your car from hail, you need to be...

Why Car Dealerships NEED Hailios

An average of $15 billion in damages are reported every year in the U.S. due to hailstorms. Outdoor businesses, like car dealerships, are particularly susceptible to these quick moving storms. They need Hailios and our Eyewitness technology to insure proper reporting...