Rain insurance

coverage A weather coverage that indemnifies a promoter or organizer against loss of income because of the cancellation of an outdoor event due to rainfall that exceeds a specified amount during a specified time period. Also considered as events coverage.
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Insurance against loss caused by a measured amount of rainfall within stated period of time. Protects against loss of expenses incurred or loss of income expected caused by reduction of patronage of sales or other events by rain, hail, snow or sleet.