Consumers have been demanding a better way to buy many products. It's nice to see a solution finally address hurricane insurance.

I know there are hurricanes every year in the U.S. Until I saw the historical charts, I didn't realize how few hurricanes actually impact my home over time. Event-Based coverage makes financial sense for me.

I have a P&L to manage. I wasn't buying hurricane insurance on my retail building due to the high cost and low frequency of hurricanes. When storms threatened, it was too late to buy. Now, I can pay a fraction of the traditional premium and have the right to purchase coverage for a specific event when I choose; even during a storm.

I wouldn't let my team sell too many full season snow contracts for fear of losing money in heavy snow years. Now, I can get paid in the heavy year, and have higher revenue/profits in the light snow years.

Snow contractors charge us every year for the occasional heavy snow year. Now I can buy the minimum contract knowing I have protection to pay for the extra charge in that heavy snow year. Our HOA members can save money.

It seems there is more damage from flood/surge in a hurricane than the actual wind. I didn't realize how important flood coverage is to me.