GridProtect
Short-duration commercial and residential power outage coverage.
For Businesses & Homes
Vulnerable to losses from power outages
Payment in Days
Real-time data and automated claims process
$50K Policy Limit
Higher limits available, just ask us
Transparent & Flexible
Pre-determined outage period and coverage limits
It’s a parametric product that that pays in as little as a few days when the power goes out. Select the number of hours and the coverage amount. Adaptive takes care of the rest.
How Does It Work?
Let’s say the client selects a 12-hour trigger to pay $20K
Adaptive tracks power outages with real-time, independent weather data
The power goes out for 13 hours
Adaptive verifies the outage and triggers the First Notice of Loss
The client verifies the claim and confirms payment method
Adaptive sends $20K to the client, all in just a few days
What’s Included
Parametric payout triggered by outage duration
Client chooses the threshold and coverage amount
Instantly quote, bind, and issue a policy online
Higher limits available
Just ask us
Payments typically made in just a few days
How Are Claims Handled?
Miguel owns a popular pizza place in downtown Dallas.
He knows a day’s worth of lost revenue is about $20,000. So he purchased a GridProtect policy if the power goes out for 12 hours or more.
The power went out for 14 hours the day of the Super Bowl, arguably one of the busiest days for Miguel and his staff.
Adaptive’s real-time data sources detected the outage and Adaptive notified Miguel that his policy’s been triggered. He verified he had an outage and confirmed Adaptive’s information about the claim.
Adaptive deposited $20K into Miguel’s restaurant account, the whole process taking just a few days.
of lost revenue
power outage
Real World Examples
Pet Kennel in Salt Lake City
Day Spa in Chicago
Dental Office in Austin
