Rain Insurance

Rain Insurance

A type of business interruption insurance that pays for business expenses and lost income due to rain. For example, if a baseball game is rained out, rain insurance may provide a benefit to a t-shirt vendor outside the stadium. It is not property insurance and does not cover damage to facilities. As with all insurance, one must pay a premium to receive the benefit.
References in periodicals archive ?
Liverpool International organisers have taken out rain insurance once again and if there is less than an hour's play on any given day spectators will be entitled to a refund.
But there are a lot of needs outside where crop insurance doesn't fit but rain insurance does.
As a result, State Fair Meadowlands is offering Free Rain Insurance to all fairgoers during their annual 18-day event, which begins next Thursday, June 25th and runs through July 12th.
Anyone with tickets will get a full refund, minus booking fees, under the rain insurance policy.
According to The Age, the deal ends more than a year of tense negotiations, after Cricket Victoria resisted the temptation to ease its hefty rain insurance bill playing one-day internationals beneath the roof at Docklands.
I make sure that the new tri-fold ad is laid out on the computer and follow-up on sponsorships, signage, rain insurance and whatever else needs to be done.
Weather insurance was initially sold to the outdoor entertainment industry as rain insurance for sporting events, musicals, county fairs, outdoor charity events and film screenings.
As an inland marine underwriter over 40 years ago, I underwrote rain insurance policies on air races and sports car shows.
All tickets were covered by rain insurance, so the spectators will get refunds because there was less than one hour's play.
They got the final they wanted with a guaranteed 30,000 sell-out crowd, as well as recouping pounds 120,000 in rain insurance from yet another Centurion Park wash-out.
Put it this way, I expect the rain insurance payments have gone up this year
I've never had rain insurance,'' said Duffy, who has his car washed at least once a week.