Catastrophic events such as hurricanes cause great financial loss to society. People incur significant out of pocket cost, even if they have windstorm insurance.
Our offering is: Immediate claims payments: No lengthy claims process. No adjusters. No hassles. Simple, painless, and transparent! We offer a novel hurricane insurance coverage, at very affordable rates to bring peace of mind to you in time of your most need, following a hurricane.
Alok Jha, chief executive officer of Assured Risk Cover, said in an A.M. BestTV interview that the company's StormPeace coverage paid nearly all of its claims from Hurricane Irma within days. read more...
Topa Insurance Co., based in California, launched a product earlier this year with ARC called StormPeace that offers reimbursement expenses of $1,000 up to $15,000 for clients that suffer hurricane damage
In the event of a large storm, the company reaches out to policyholders in the area via text or email asking if they have been affected and have storm-related expenses, whether it be to fix damage to their home or evacuation costs. If the policyholder says yes, money is then sent to the customer’s bank account.read more...
Hurricane Andrew: The 20 miles that saved Miami.
StormPeace is a recent entry in the parametric homeowners’ insurance space, offering policies that utilize hurricane intensity and mobile technology to determine and alert consumers about claims payments.
These claims payments can be put towards a variety of costs, such as hotel stays post-event and lawn-debris cleanup. read more...
Our story begins as four guys in a garage with a dream to give back to society, leveraging our professional experience. We found that people undergo financial and emotional turmoil following catastrophes, and we figured, you know, we can actually do something about this problem in society. We then set out with a mission to bring immediate financial relief following catastrophes anywhere in the world, using science and technology. And, at the same time bring compelling information that people are likely to need in such difficult times (such as, closest shelter information).
Our startup exists now only for this reason, to accomplish our mission to help people with immediate cash and information, in time of their highest need.