Products and Coverage
Weather Insurance Agency will customize a policy to fit your needs – and we have a weather insurance policy for just about everything. Examples include, but aren’t limited to:
- Many organizers of special events consider weather insurance as a fixed cost when calculating their budget.
- Countless retailers have designed advertising campaigns with the weather at the center of their sales promotions.
- Film production companies have used weather insurance to help keep their production cost to a minimum.
- One winter storm can wipe out your entire snow removal budget for the year – let us help you plan for the unforeseen.
- Income stabilization policies are the best way to insure that the weather does not dramatically reduce your sales.
Weather has a direct impact on attendance. The weather during the morning of the event is crucial. If your guests wake up and it is raining, they may choose to do something else that day. Even indoor events could be affected by the weather. When it snows, the roads conditions could prevent people from attending your event.
Types of Events
5K Races, Air Shows, Antique Shows, Arts & Crafts Shows, Auctions, Beach Parties, Bicycle Tours, Car & Truck Shows, Celebrations, Chili Cook-offs, Circus, Commercial Shoots, Concerts, Corporate Picnics, County Fairs, Carnivals, Festivals, Film Productions, Flea Markets, Fireworks Display, Food Festivals, Fund Raisers, Haunted Houses, Holiday Celebrations, Marathons, Motorcycle Rallies, Music Festivals, Parades, Rodeos, Sporting Tournaments, Street Fairs, Tractor Pulls, Weddings, Etc.
Sales Promotion Insurance
With the peace of mind of your sales promotion insurance, you can advertise a 100% rebate on all items purchased during a specified time period, if a specific weather peril occurs on a specific day. This successfully proven sales promotion is being used by retailers to drive sales to their store by using the weather on National Holidays. Or better yet, it could be a perfect way to entice customers during the slower times of the year. No matter where you are located, our team can customize a promotion that your competitors will envy. Think of the public relations opportunities that will be created with the local media.
We will customize a policy to fit your needs. Weather Promotions most often utilize rain, snow or temperature as the weather peril. The cost to insure these promotions is generally 1% – 5% of sales generated.
ABC Store runs a “White Christmas” promotion. If it snows 4″ or more on Christmas Day, any customers who purchased merchandise from Thanksgiving through December 15 will receive a full refund on the price of their merchandise.
XYZ Pool Company runs a “Memorial Day” Promotion. If it rains 1/2″ or more on Memorial Day, any customers who purchased a pool from April 1 through May 15 will receive a full refund on the price of their pool.
TBA Hardware store runs a “July 4th” Promotion. If the temperature on July 4 exceeds 100 Degrees Fahrenheit, any customers who purchased a barbeque from May 1 through June 20 will receive a full refund on the price of their barbeque.
Avoid these additional expenditures by insuring the weather conditions for the day of your shoot. Weather Insurance is the best way to stabilize the budget for these shoots and prevent Mother Nature from consuming your profits by extending your filming schedule. Whether the entire shoot is outside, or a combination of interior and exterior scenes, our team can customize a policy that best addresses your needs.
Two popular types of coverage are Snowfall per Inch and Snowfall per Storm.
Snowfall per Inch is designed to cover additional inches of snow above the designated budget amount. If a strip mall budgeted $40,000 for 40″ of snow from November 1 – April 1, the policy would reimburse the strip mall $1,000 for every inch of snow above 40.
Snowfall per Storm is designed to cover the number of storms, where the storm is defined as a specific number of inches of snow. If a local village budgeted $200,000 for five storms of 3″ or more of snow, the policy would reimburse the local village $40,000 for every storm above five that has 3″ or more of snow.
Income Stabilization Insurance
A rainy day can drastically reduce sales or most likely close a car wash for the day. Think of what an above normal amount of rainy days would do to that car wash.
A florist stocks up on inventory for Valentine’s Day. Think of how sales will be significantly reduced if customers cannot get to the shop, because a heavy snowfall occurred on Valentine’s Day?
Snow storms are one of the best ways to see snow removal equipment fly off the shelves for a hardware store. Think of how sales will be radically reduced if it does not snow.