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.

Exactly this; damaging a building or causing the death of a person can be 10x+ more costly for the insurer.