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Can Parametric Insurance Solve Coverage Problems?
Manage episode 426227832 series 2911349
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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.
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