SkinzWraps, Inc., a full-service vehicle wrap company, announced that it has successfully launched its first major joint venture, Hail Guard, Inc., with strategic partner Nationwide Auto Services, Inc. Hail Guard, Inc. is the result of approximately four months of confidential discussions and comprehensive R/D between SkinzWraps, Inc. and Nationwide Auto Services on the development of a “hail protection device” for vehicles that would leverage both companies’ expertise and resources. With the prototypes built and tested strategic vendors on board, Hail Guard, Inc. flagship product, Hail Guard 1 will be ready to go to market in 45-75 days. Hail Guard, Inc. will service three markets: automotive manufacturers, automotive dealerships and end-user consumers. New clients of SkinzWraps, from the product release date forward, will be receiving a complimentary Hail Guard 1 courtesy of SkinzWraps.
“Many millions of dollars are spent every year fixing hail damaged automobiles. Through Hail Guard, Inc, we plan to redirect a sizable percentage of these funds to the prevention of hail damage and we are confident that we have and will maintain first mover advantage,” says Peter C. Salaverry, Chairman & CEO of SkinzWraps, Inc. He adds, “SkinzWraps is very excited to be working with Nationwide Auto Services. Their proven success, work ethic, integrity, and creative problem-solving skills are impressive.”
About Hail Damage in General
These statistics have been compiled by State Farm Insurance.
- The United States experiences approximately 3,000 hail storms per year.
- Four states — Texas, Oklahoma, Kansas, Nebraska — are hit with 42% of all hail storms with some parts in each state being hit with an average six strikes a year.
- Among State Farm’s 25 highest claim payouts in history, eight involved significant damage caused by hail.
- State Farm’s fifth-largest payout for a single catastrophic event occurred in 1992 — about 68,000 claims totaling nearly $245 million resulting from a hailstorm in Fort Worth, Texas.
- Texas officials estimate that up to 40 percent of all homeowners insurance claims in that state result from hail damage.