alt Hacker NewsOnly when you are looking at one claim. If all the cars in a city get hail damage the total costs exceed the typical daily claim losses.
Only when you are looking at one claim. If all the cars in a city get hail damage the total costs exceed the typical daily claim losses.
I think the point is that it’s much less than all the cars.
And a hailstorm that knocks out 10,000 cars is very rare. But hurricanes or fires that knock out billions in homes happen almost every year.