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Rain insurance is a gamble....
Rain insurance is literally a gamble. You tell them how much money to insure, how much rain, the days covered, the hours each day, and then they give you a price. They will require a weather spotter if you aren't near a weather station they recognize as valid. If it rains the amount or more that you specified on one of the days, during the hours specified, they will send you a check. You don't show them lost revenue projections or anything else. It is simply a gamble by both sides. Their actuaries look at the past weather history of your area in setting your premium.
When we ran a corn maze a few years ago, I figured out that the premium would be paid back in the first rain that qualified and money ahead if it rained enough on two days.
From what we experienced, small amount of customers come out in the rain anyway. Most will come another day. They will make their decision several hours before coming out on up to opening time. It is completely up to you as far as coverage and amount of rain you think will affect you.
Good luck
Rain insurance is literally a gamble. You tell them how much money to insure, how much rain, the days covered, the hours each day, and then they give you a price. They will require a weather spotter if you aren't near a weather station they recognize as valid. If it rains the amount or more that you specified on one of the days, during the hours specified, they will send you a check. You don't show them lost revenue projections or anything else. It is simply a gamble by both sides. Their actuaries look at the past weather history of your area in setting your premium.
When we ran a corn maze a few years ago, I figured out that the premium would be paid back in the first rain that qualified and money ahead if it rained enough on two days.
From what we experienced, small amount of customers come out in the rain anyway. Most will come another day. They will make their decision several hours before coming out on up to opening time. It is completely up to you as far as coverage and amount of rain you think will affect you.
Good luck
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