Your payment depends on (i) how close the hurricane eye gets to your property; and (ii) the category of the hurricane when at its closest to your property. Stronger the hurricane and closer to your property, higher the payment, up to 100% of limit.
Get a quote now to view 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 the payments towards ANY expense you may incur due to losses from/to:
StormPeace is an innovative parametric insurance that pays fast based on intensity of a hurricane and its distance from your property. Hurricane data is based on data published by the National Hurricane Center (NHC/NOAA).
StormPeace is approved by the Florida Department of Insurance.
Rated A- (Excellent)
Top 5 Global Reinsurer
Rated A+ (Superior)
StormPeace gets you peace of mind, knowing that when the next hurricane hits you can get back on your feet quickly. The first few days can be the most stressful. You’re without power, there’s a tree across your driveway and who knows when you’ll be able to get a contractor to make repairs. StormPeace pays for losses that your homeowners doesn’t cover.
Even though you may already have windstorm insurance, a hurricane could still cost you thousands of dollars: for deductibles, evacuation expenses and uninsured damages like a tree across your driveway. StormPeace helps you pay for these things and get back on your feet quicker.
StormPeace is insurance, but the difference is in the claims. We are parametric insurance - we pay you a pre-determined amount when one or more parameters are met, specifically strength of the hurricane when it is at its closest to your property, and the closest distance of the hurricane track from your property. You don’t file a claim; we notify you of your eligible claims amount. You respond to make the claim. And, you get paid within days.
Yes, you can buy StormPeace if you are a renter to cover your contents, evacuation expenses, replacing spoiled food, and generator for power.
No, you don’t need to have other coverage. If you do have windstorm insurance on your home or rental property, the limit on your StormPeace policy must be less than the limit on your existing windstorm policy.
No. All named hurricanes, whether they make landfall or not, are eligible. Other insurance products only cover you when a hurricane makes landfall and wouldn’t have paid claims after Hurricane Matthew since it didn’t make landfall in Florida, even though it caused about $1.2 billion in losses there. StormPeace would have paid for Matthew based on the strength and distance of the storm from your property.
Just keep your receipts and upload them to our website within 45 days of your attestation to your StormPeace claim.
StormPeace is backed financially by a top-5 rated global reinsurer, with a "A+ (Superior)" A.M.Best rating, and is on the paper of a company with a "A- (Excellent)" A.M.Best rating. These ratings are assigned to companies that have, in A.M.Best's opinion, a superior/excellent ability to meet ongoing insurance obligations. StormPeace has also been reviewed and approved by Florida Department of Insurance. And, we are accredited by the Better Business Bureau.