Critical Day Protection

Cover image with blue background, title 'Rain Day Cover – Payout for Excess Rain Days,' and an icon of a rain cloud with falling raindrops on the right side.

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

Table with weather data including coverage period July to August, rainfall threshold 10mm, rain days, trigger of 3 rain days, payout of $10,000 per rain day, cover limit $100,000, and note about data reporting.

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

Bar graph showing pay out increasing in steps as number of rain days increases past a trigger point, with a limit at the top.
A table displaying rainfall data in millimeters, number of rain days, and cumulative rain days from July 25 to August 30.

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

Seasonal Excess Rain Protection

Light blue infographic with a title about rain season cover and excess rainfall payout, featuring a graphic of water droplets.

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

Table with financial and weather data for July-August, showing trigger level over 20mm, payout of USD 10,000 per mm, cover limit USD 200,000, and 39mm of rainfall reported.

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

Graph showing payout increases with cumulative rainfall, with payouts starting at a trigger point and reaching a limit as rainfall increases.
Table showing daily rainfall in millimeters and cumulative rainfall from July 25 to August 7.

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