Firms Offer Hail Coverage for Dealers

By Staff Writer February 12, 2020

PDP Group, Inc. has partnered with Hailsure Underwriting Managers, LLC to provide a parametric hail insurance program for the auto dealer marketplace.

The program will partner with five leading global insurance carriers, expanding coverage capacity to all hail-prone states.

The program includes indemnification for economic damage resulting from an eligible hail event in Illinois, Indiana, Iowa, Missouri, South Dakota, Wyoming, Oklahoma, Minnesota, Texas, eastern Colorado, Arkansas, Kansas and Nebraska. The dealer selects a supplemental limit to offset the economic impact of the underinsured hail exposure, and the recovery amount is determined by hail size. No adjuster is involved in the claim process.

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Last modified on Tuesday, 18 February 2020 15:36

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