Critical Day Protection

DESCRIPTION

A rain day is defined as a day in which the daily rainfall is above the defined rainfall threshold. If the trigger number of rain days is exceeded, the policyholder will receive a fixed amount for each additional rain day up to the cover limit.

EXAMPLE

APPLICATIONS

Agriculture (harvest rain), construction (delay penalties), tourism (non-damage business interruption), retail, and other industries where losses depend on the number of rain days.

PAYOUT PROFILE

Payout calculation: (8 cumulative RD – 3 trigger RD) * USD 10,000 payout per RD = USD 50,000

Seasonal Excess Rain Protection

DESCRIPTION

Cumulative rainfall is defined as the sum of daily rainfall during the cover period.
If the trigger amount of rainfall is exceeded, the policy holder will receive a fixed amount for each excess mm of rain up to the cover limit.

EXAMPLE

APPLICATIONS

Agriculture (harvest rain), construction (delay penalties), tourism (non-damage business interruption), and other industries where losses depend on the amount of excess rainfall.

PAYOUT PROFILE

Payout calculation: (8 cumulative RD – 3 trigger RD) * USD 10,000 payout per RD = USD 50,000