Weather Insurance – Event Weather Insurance – Rain Insurance
Event Weather Insurance – Rain Insurance
By: Allen Financial Insurance Group
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Event Weather Insurance
A large investment is made to organize a special event, fundraising venue, or an organized sales event. You can’t risk having such events without protection. If the weather doesn’t cooperate, you are out a pile of money in advertising and numerous other costs.
Weather insurance protects your event against adverse weather conditions which may reduce revenue or increase expenses. It can also be used to increase sales for retail operations as well as stabilize a budget for certain businesses where their revenue is tied solely to weather.
This policy of coverage works well in several different scenarios including protection for outdoor special events, film productions and sales promotions. Whether you are looking to protect an event from lost revenues and/or unrecoverable expenses due to rainy weather or plan on running a sales promotion whereby you offer to reimburse customers if it rains on a certain day, Allen Financial Insurance can structure a policy that protects your bottom line.
Scope of Coverage:
- Fire, earthquake or other damage causes your venue to be unusable.
- Specific weather conditions such as floods, hurricanes, tornadoes, blizzards, lightning, or any other life-threatening weather condition. These weather conditions must prevent the majority of the audience from reaching the venue where your event is taking place.
- Unavoidable travel delays (aircraft or other modes of transportation), equipment delays, mechanical breakdown, power failures.
- National disaster.
- Any other cause (not otherwise excluded) beyond your control.
Rain is typically the greatest concern for event hosts, but in some circumstances the trigger of coverage could be snow, fog, lightning, hail, wind or some combination of several different severe weather patterns.
Cumulative Rainfall Coverage.
This coverage provides for a claim if a specific amount of rain occurs over a specific time period.
Rain Free or Dry Hours.
This coverage provides for a claim if a rain occurs during a specific number of hours over a designated time period.
Coverage for snow, lightning, fog, extremes in temperature, hurricanes, tornadoes, high winds and other adverse weather may be obtained. We can also combine weather elements into a single policy to, for example, cover days that are both cold and wet, or hot and windy.
We will work with you to design a policy to meet your own unique requirements, including policies that address a lack of rain or snow.
Weather Insurance – Can it protect you from a loss?
A Basic weather insurance policy is designed to protect against a financial loss caused by adverse weather. For example, you may be interested in getting rain insurance for events such as:
- Motorsport events
- Golf tournaments
- Film production
- Trade shows
- A seasonal attraction such as a winter carnival