Solution Have a community foundation purchase parametric cover on behalf of a place, so that a pre-agreed hazard trigger releases funds within days to frontline nonprofits and pre-identified priority neighbourhoods that hold little or no conventional coverage of their own. Key challenge In Greater Miami's most vulnerable neighbourhoods households hold little or no conventional cover, and the nonprofits acting as first responders have no pre-arranged liquidity, while indemnity claims and federal assistance take months or years to arrive - precisely the period in which recovery outcomes are determined. Context Miami-Dade is among the most hazard-exposed counties in the United States, with dense urban and coastal urban neighbourhoods exposed to hurricanes and extreme rainfall. The Miami Foundation runs the Miami Disaster Resilience Fund, a permanent, revolving collaborative fund supporting disaster preparedness and equitable long-term recovery, and convenes the Miami Strong Disaster Resilience Network, a collective of grassroots organizations across the county. The constraint on that fund was timing rather than intent: traditional insurance policies generally involve lengthy claims processes requiring proof of damages, and it can take months or even years after a catastrophic event before policyholders receive payment. Solution in practice For the 2024 disaster season the Foundation purchased a parametric insurance policy, becoming one of the first US philanthropic institutions to do so. The policy pays out on a measurable, pre-defined trigger - the windspeed and proximity of an arriving storm - with payment issued immediately on trigger and in as few as ten days, against months or years for indemnity claims. Payouts flow into the Miami Disaster Resilience Fund and are moved rapidly to the nonprofits acting as first responders in their own communities, amplifying the Fund’s capacity and giving pre-crisis certainty about how much will be available. Resilient Cities Network documents a closely related South Florida application in which a parametric policy provides immediate post-flooding resources for communities with the greatest vulnerabilities and limited traditional coverage, developed with three municipalities so that priority neighbourhoods are identified in advance and funding flows quickly after extreme rainfall. The Foundation frames the policy explicitly as a proof of concept for how foundations respond to climate disasters. Impact / outcome Parametric policy pays out on trigger in as few as 10 days, funding frontline nonprofits. Next steps The Miami Foundation frames the policy as a proof of concept, demonstrating the potential of parametric insurance in amplifying disaster response funds, and invites contributions to the Miami Disaster Resilience Fund and participation in the Miami Strong Disaster Resilience Network by nonprofits engaged in disaster preparedness, relief, recovery or resiliency across Miami-Dade County. Resilient Cities Network notes that other cities are testing parametric triggers based on rainfall intensity, wind speed or water levels, which pay out automatically when thresholds are reached and allow agencies to accelerate recovery without waiting for conventional damage assessments; delivery involves finance and budget offices, emergency management agencies, insurance providers and risk-modelling specialists, community foundations and local partners, and public works and environment teams. The playbook action area 2c sets out the corresponding opportunity: the community-based model is relevant wherever individual insurance take-up is low, civil society organizations play a key role as trusted intermediaries between insurers and the communities they serve, and communities, insurers and local governments could explore adaptations suited to their own institutions and regulatory settings - with initiatives such as the Insurance for Good Solutions Catalyst offering a starting point for identifying partners and existing solutions. Organizations involved Authoring: Resilient Cities Network Actors: The Miami Foundation; Miami Strong Disaster Resilience Network Implementation partners Civil Society Organizations; Insurers; Local Governments; Data Providers