Jola

toujours là*
*never let you down

SUPPLEMENTAL HAIL INSURANCE

No claim adjuster, quick payout automatic trigger based on data measured by connected weather sensors

 

SUPPLEMENTAL HAIL INSURANCE

WHAT IS COVERED ?

All kind of financials losses that result from the occurrence of covered events that are not covered by your current traditional insurance contracts : 

  • Damage to car, buildings, trucks, crops, etc. 

  • Loss of revenues in case of business interruption due to the covered events

  • Costs related to prevention measures specific to the covered events

  • Financing discount on the sales of damaged cars ("hail sales")

HOW DOES IT WORK ?

Inception

  • [Jola & Client] Definition of cover parameters : coverage period, choice of the location of the weather station to be installed, covered events, associated damage ratios

  • [Jola & Client] Definition of the capital insured and the deductible

  • [Jola & Client] Selection of the insurance company

  • [Data Provider & Jola & Client] Installation of the weather station(s) that will detect and measure hail events

  • [Insurer & Client] Signature of the contract and payment of the premium at least 15 days before the start of the coverage period

  • [Client] Get access to the application of the data provider to be able to track on-site weather conditions

  • [Data Provider] Send alerts and event reports to Client, Jola and the Insurer

At the end of the coverage period

HOW MUCH DOES IT COST ?

  • The insurance premium depends on the contracts parameters

  • Typically between 3% and 7% of capital insured

  • Examples : 

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ABOUT US

Jola is an independent risk management consultant and insurance broker with strong expertise in weather risk management and parametric insurance structuration. 

Jola is a French "Société par Actions Simplifiée" with variable capital of 5.000 €, which registered office is at 74 A rue Lecourbe, 75015 Paris - France. Jola is registered in the Paris Trade and Companies Register under number 834 358 111. Jola is registered in the French registry of insurance intermediaries under number 18 007 161. Jola benefits from the free provision of services across the EU and is therefore authorized to distribute insurance to all clients in the European Union. 

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SUPPLEMENTAL HAIL INSURANCE
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