Rain Insurance
What Does Rain Insurance Mean?
Rain insurance is a policy that covers financial losses resulting from the cancellation of an outdoor event due to rain. Event organizers, such as those planning weddings or concerts, typically purchase this type of insurance.
Insuranceopedia Explains Rain Insurance
Event organizers or promoters purchase rain insurance to protect against financial losses if rain disrupts or cancels an event such as a wedding, concert, or parade. Even if the event isn’t canceled, the insurance can cover weather-related expenses, such as the cost of moving the event indoors.
Before approving a claim, the insurer typically investigates the amount of rainfall and the time it occurred.
Rain insurance may also be included in a broader weather insurance policy that covers various weather-related interruptions.
