EP 07 Whiteboard Series: Supplemental Hurricane Insurance Claim Verification

Vortex supplemental hurricane insurance is parametric, which means claims are based off independent data sources. This product covers major hurricanes (CAT 3 or higher) and is available to businesses along the Gulf and Atlantic coasts. A hurricane policy will trigger automatically if the final verification shows the center of the storm track (the eye) of a major hurricane crosses into your coverage circle. Coverage circles can be either 20-mile or 20/40-mile radius circles. There is no need to prove loss or damage, and no adjuster will be coming by. Final verification is usually complete within 7 days, meaning your check is typically mailed within 2 weeks of the triggering event, getting you a quick injection of cash when you need it most. You are free to use your payout however you need to.