Overview

In the event of a cyclone, eligibility for a loss payment is based on the category of a storm and distance of the storm track to the property location(s). Data used for claims settlement is publicly available from the National Hurricane Center.

Available
  • Global (Outside of USA)
*
OFAC sanctions prohibit or restrict Arbol Insurance Services from engaging in activity that involves sanctioned persons or comprehensively sanctioned countries and regions.
Who can benefit
  • Real Estate
  • Colleges, Universities, and other Educational Institutions
  • Energy, Power, and Utilities
  • Resorts and Hotels
  • Manufacturing
  • Casinos
  • Sports Stadiums
  • Farms and Farm Facilities
  • Business Interruption
  • And Much More!

How it works

Coverage triggers are pre-determined, and loss payments are made based on the category of a storm and distance of the storm track to the property location(s).

An example structure

For informational purposes only. Actual coverage may vary by carrier.
Context

Businesses that operate in cyclone-exposed areas are facing higher prices and higher deductibles for their property coverage. On top of that, losses in revenue caused by business interruption are not covered by traditional property insurance. Parametric tropical cyclone coverage can fill the property loss and business interruption coverage gap for your client.

Contract structure
Client
Commercial Property Developer
location
Florida
peril
Named storm
full limit recovery
$5M
Payouts Based on
Wind Speed and Distance to Storm Track
limit
payout table example
x% for Cat 3 within 30 miles
y% for Cat 4 within 20 miles
z% for Cat 5 within 10 miles
Daily threshold
limit paid at
Payment per category
$333,333.33
time period
Annual
Coverage trigger
Cat 1 | Cat 2 | Cat 3 | Cat 4 | Cat 5
data source
National Hurricane Center
Payout profile

Next steps

If you're an agent, you can request a premium indication
Get started
OR
If you have a question?
Contact us