Understory to extend availability of parametric hail insurance for auto dealers

Understory | February 14, 2020

Understory, a specialty insurer serving automotive dealerships, has expanded the availability of its supplemental hail insurance product in five more states. The company’s “Auto – Hail Safe” product is now available in Arizona, New Mexico, Ohio, Pennsylvania and Wyoming. Originally introduced in 2019, Understory’s product is now being offered in a total of 17 states, including Colorado, Illinois, Indiana, Iowa, Kansas, Minnesota, Missouri, Nebraska, New Mexico, Oklahoma, South Dakota, Texas, and Wisconsin. Auto – Hail Safe utilizes technology to enhance and simplify the claims experience for auto dealers. The product allows dealers to select from different tiers of coverage depending on the desired payout and storm severity. Once a coverage tier has been selected, Understory will then install its proprietary “Dot” sensor on each of the policyholder’s dealerships – the devices provide precise weather measurements.

Spotlight

BM Case Manager and IBM Datacap accelerate the insurance claim process through a single platform. Information is provided instantly to anyone who needs it, so claims are processed faster – and you keep your customer front and center.

Spotlight

BM Case Manager and IBM Datacap accelerate the insurance claim process through a single platform. Information is provided instantly to anyone who needs it, so claims are processed faster – and you keep your customer front and center.

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