Rain Insurance(redirected from Pluvious 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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved