Kevin McCarty, former Insurance Commissioner of Florida
Traditional homeowner policies that cover Hurricanes have large deductibles, many exclusions and a lengthy adjustment process..
Industrywide, over 30% of Irma claims have not been paid yet, whereas 100% Stormpeace claims have been paid. 98% were paid within 72 hours.
Stormpeace policy has no deductible, no exclusions for damages directly caused by a Hurricane and no lengthy adjustment process.
StormPeace is an innovative parametric insurance that pays if specific parameters are met. In the case of hurricanes, the parameters are strength of the hurricane and distance of the insured property from the hurricane track. These parameters are easily available and verifiable, without the need for deductible, adjusters or a lengthy claims process.
Yes, we cover water damage and much more. StormPeace pays when the payment conditions of hurricane strength and distance are met, and covers all damages regardless of whether damage was caused by wind, rain, flood, storm surge, flying debris, or even mold.
Not really. Life insurance is parametric insurance.
These ratings are assigned to companies that have a Superior/Excellent ability to meet ongoing insurance obligations.
Yes. All home types are covered, including mobile homes, manufactured homes, single family homes, and condominiums. All we need is your name, address and the coverage limit you require.
If you are a renter, StormPeace can help cover your contents, evacuation expenses, replace spoiled food, and restoring power.
Claims is simple and fast! Payment amounts are pre-agreed and fully transparent at the time of purchase, and is based on strength of hurricane and shortest distance between the hurricane track and your property.
Your eligible claims payment amount will be limited to actual losses and expenses you incur as a direct result of the Hurricane when the conditions of hurricane strength and proximity are met.
Once the payment conditions are met, we notify you of claims eligibility within 24 hours of hurricane end. You are required to attest to having incurred damage from the named hurricane for the amount of loss claimed (subject to the maximum eligibility amount). We initiate claims payment to you within 72 hours of receipt of your attestation and you have 45 days from then to submit proof of loss substantiation to our website. Examples of proof of loss include: contractor estimates or copies of receipts.
StormPeace is a better value than traditional insurance because it pays the first dollar of damage with no deductible and excludes no losses that result directly from a Hurricane when the conditions of hurricane strength and proximity are met. And StormPeace pays almost immediately without a complicated adjustment process.
No, you don’t need to have any other coverage. If you do have insurance on your home or rental property, the limit on your StormPeace policy must be less than or equal to the hurricane deductible on your existing homeowners policy.
No. All named hurricanes, whether they make landfall or not, are eligible. Hurricane Matthew did not make landfall in Florida, but still caused $1.2 in losses to Florida. StormPeace would have paid for Matthew as long as the condition of hurricane strength and proximity were met.
Yes. Once the payment conditions are met, we notify you of claims eligibility within 24 hours of hurricane end. You are required to attest to having incurred damage from the named hurricane for the amount of loss claimed (subject to the maximum eligibility amount). We initiate claims payment to you within 72 hours of receipt of your attestation and you have 45 days from then to submit proof of loss substantiation to our website. Examples of proof of loss include: contractor estimates or copies of receipts.
StormPeace algorithm needs the address of the property being insured to come up with a quote.
The algorithm takes into account the history of hurricanes at the GPS location of your property. Properties in Miami are historically more at risk from hurricanes than in the panhandle and this is reflected in the price.
Stormpeace pays only for the named hurricanes.
StormPeace is available for purchase year-round. However, during hurricane season there is a 12-day waiting period, so if you purchase your policy today, the start date of the policy will be 12 days from today.
It should be less than or equal to the hurricane deductible on your homeowner policy. If you have no hurricane coverage, you can purchase upto $60k in policy limits per insured location.
You can use your claim money to pay for any out-of-pocket expenses incurred directly due to a hurricane, including repairs and replacements, immediate living expenses, evacuation expenses and more.
We do not require damage verification at the time of the claim. We rely on your attestation of damage. Florida law does require that you claim only if you have suffered damage.
The price depends on the GPS location of your property and the size of the coverage requested.
Yes, but the maximum aggregate payment cannot exceed the coverage amount.
Currently, we offer coverage in Florida only.
Rated A.M.Best A- (Excellent)
Top 5 Global Reinsurer
Rated A+ (Superior)
Your payment is based on (i) the distance from the hurricane eye to your property, and (ii) category of the hurricane when it is closest to your property. The stronger the hurricane and closer to your property, the higher your payment, up to 100% of limit.
Get started now and see your payment schedule.
When hurricane strikes, we notify you.
You respond to claim your loss amount.
We pay you within 72 hours.
Proof of loss required within 45 days.
Use your payments to:
Home types/structures covered:
Causes of loss covered:
StormPeace is parametric insurance that pays fast based on intensity of a hurricane and its distance from your property, based on data published by the National Hurricane Center (NHC/NOAA).