Can Parametric Insurance Solve Coverage Problems?

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Overview of Parametric Insurance:
  • Brief overview of parametric insurance.
  • Difference between parametric and claims-based policies.
  • Example of claims-based policy: Inspector assesses damage, determines cause, and deducts deductible before paying the claim.
  • Example of parametric insurance: Payment is triggered by a specific event (e.g., wind speed over 100 mph, certain temperature thresholds, flood height).
Benefits of Parametric Insurance:
  • Payment is event-based, not damage-based.
  • No need for inspections or damage calculations.
  • Quick payout based on trigger event data.
Use Cases for Parametric Insurance:
  • Suitable for unique or hard-to-place coverages.
  • Can be used as a standalone policy or layered with other coverages.
  • Helps in transferring risk of damage to property, business loss, or other financial risks.
Consultation Services:
  • Mention of ActualHuman.com for live one-on-one private video consultations.
  • Expert advice on insurance, real estate, mortgages, and more.
  • Opportunity to discuss specific situations and receive tailored advice.
Contact and Additional Services:
  • Book one-on-one live video consultations with licensed professionals.
  • Expertise available: Licensed investigator, insurance broker, mortgage broker, real estate broker, certified real estate title examiner, certified civil court mediator.
  • Experience in starting and selling businesses.
Call to Action:
  • Visit ActualHuman.com to book a consultation.
  • Link provided for booking live video consultations.
  • Encouragement to watch the next video for more insights.
Can Parametric Insurance Solve Coverage Problems?
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