How is Weather Insurance coverage priced / rated?
ยท Weather Insurance coverage looks at historical weather data specific to your insured location, date and hours of coverage. The more sensitive of a weather risk you wish to insure, the higher the rates will be. Rates are based on the occurrence of an insured peril occurring over a certain number of hours. The more hours you insure the higher the rate so it’s important to choose the most critical hours that will affect the success of the event. The earlier hours are usually more important than the later hours because that is when people will decide whether or not to attend.
