Premium Deductible Declaration Page Liability Coverage Property Coverage Coverage Limit Peril Actual Cash Value Replacement Cost Occurrence Policy Claims-Made Dec Page Limit of Liability ACV RCV Depreciation Out-of-Pocket Endorsement

Parametric, What?​

Parametric insurance pays out a fixed, predetermined amount based on the intensity or metrics of an event. Unlike traditional insurance — which requires a lengthy adjustment process to calculate your exact loss — parametric coverage is entirely data-driven.

These are standalone policies — not a buyback — and are not tied to your homeowner’s insurance.

How It Works: The 3 Components

Every parametric policy rests on three objective pieces — together they remove the guesswork from a claim.

1

The Trigger

Coverage is tied to objective, third-party data — a specific wind speed (e.g. 74+ mph), hail size (e.g. 2 inches), or a storm's category ranking.

2

The Location (Index)

The policy uses precise geographical data, tracking whether the storm's path or wind field entered your home's exact GPS coordinates or a small grid around it.

3

The Payout

You submit proof (pictures of damage). If the data shows the event met or exceeded the trigger at your location, the policy pays a fixed amount — zero negotiation or assessment delay.

Why It's Different

Speed

With no physical damage inspection by a contractor or adjuster, money often lands in your account within a few days of the storm.

Total Spending Flexibility

Parametric payouts are pure cash. Cover a wind/hail percentage deductible, pay for tree debris removal, buy a generator, or fund an evacuation.

How Payouts Work by Peril

Each type of storm has its own objective trigger and payout structure.

Peril 01

Hail Events

The policy uses a proprietary “Hail Score” based on National Weather Service (NWS) data.

1.75"+

If a storm drops stones 1.75 inches or larger, OR if the storm hits a 65% or higher hail score, you receive the full payout up to your policy limit after providing images of damage.

Peril 02

Wind & Tornado Events

Payouts are tiered automatically based on the Enhanced Fujita (EF) scale measured at your property’s exact location.

EF0–EF186–110 mph

12%

EF2111–135 mph

20%

EF3136–165 mph

40%

EF4165–200 mph

60%

EF5200+ mph

FULL LIMIT
100%
Percentages shown are illustrative of how tiered payouts scale with storm severity.

Peril 03

Hurricane Events

Using multiple independent triggers increases the likelihood of a payout — you receive the highest payout for the selected triggers, starting at wind speeds of 65 mph.

Good · Single

Single Trigger

Wind speed tracking via Moody’s H-Wind, used by the National Weather Service.

Better · Dual

Dual Trigger

Everything in Single, plus ground-level wind measurements via the WeatherScope Anemometer Network. + ground-level data
Best · Triple

Triple Trigger

Everything in Dual, plus a “Cat-in-a-Circle” trigger if the hurricane’s eye enters a 15-mile radius. + Cat-in-a-Circle

Payouts scale automatically with storm severity

65 mph
1%
Category 3
56%
130 mph
100%

Claim Rules

For wind, hail, and tornado coverage.

Limits & Reset

You’re eligible for up to two payouts per policy term. After a payout, there is a mandatory 30-day waiting period before coverage resets.

No Spending Restrictions

Use the cash however you need — your primary insurance deductible, emergency temporary repairs, or a total roof replacement.