Private Products | Rain Insurance

Rain Insurance

What is Rain Insurance?

Rain insurance is a policy written for a short term of only a few hours for a specific event susceptible to “rain-out” such as a rodeo or concert.

This policy is written to indemnify the insured (your organization) for loss of expenses from the event.

This program insures against direct loss to events caused by rainfall. It does not cover any loss to property or from any other peril even though the loss may have occurred in conjunction with the rainfall.

Some of the ground rules include the following:

• The policy must be written and the premium paid at least fourteen days in advance.
• The insured period will be for a minimum of three hours and a maximum of eight to twelve hours, depending on location. The times of day the coverage begins and ends must be on the application.
• The rain insurance rates will be quoted for one quarter or one half of an inch of precipitation*.
• A rain gauge will be set up at the site of the insured event and will be monitored by a company representative or a disinterested third party (as agreed to by the company).
• Rates are dependent upon the time of year, hour(s) of day or night, and the county in which the event is held.

*Precipitation includes snow, sleet and hail and will be measured in accordance with the same method used by the National Weather Service.

This program is available in all states.