SUPPLEMENTAL HAIL INSURANCE
FOR AUTO DEALERS
1. Parametric Supplemental Hail Insurance pays directly to the Dealer in addition to the Inventory Policy.
2. The Dealer selects a payout limit and hail size options based on the Dealer’s unique knowledge of how weather can damage their inventory and property.
3. An independent company will install a hail monitoring station at your dealership.
ARE YOU PREPARED?
If your inventory was completely totaled by a storm
If you have no cars to sell for 60-90 days
If there was a supply and demand issue
To pay a deductible in excess of a million dollars
If your competitor can discount their cars more then you in a hail sale
Additional advertising expenses for a hail sale
FREQUENTLY EXPERIENCED PROBLEMS
Inventory insurance protects the lender instead of you
The claim process can be long and complicated
High deductibles for hail
Inventory insurance does not cover lost income and profits
Inventory insurance excludes the diminished value of the vehicles
Garage coverage could exclude hail coverage for customers’ vehicles