Critical Day Protection

Text on a beige background that reads 'Heat Day Cover — Payout for Excess Heat Days' with a design of circles in shades of orange, yellow, and white on the right side.

DESCRIPTION

A heat day is defined as a day in which the daily maximum temperature (T-max) is above the defined threshold temperature.
If the trigger number of heat days is exceeded,

the policy holder will receive a fixed amount for each additional heat day up to the cover limit.

EXAMPLE

Table with data on insurance cover period, temperature threshold, heat day trigger, payout, and coverage limits for July to August.

APPLICATIONS

Agriculture, construction, events and other industries where losses per critical day are constant.

PAYOUT PROFILE

A step graph showing the relationship between number of heat days and payoff, with the payoff increasing stepwise as heat days increase, and a trigger point at a certain number of heat days leading to a pay adjustment. The graph has labeled axes: 'Number of heat days' horizontally and 'Payoff' vertically, with a horizontal threshold line labeled 'Limit'.
Table showing daily maximum temperatures and heat days from July 25 to August 7, with cumulative heat days increasing from 1 to 8.

Payout calculation: (8 cumulative heat days – 2 trigger heat days) * USD 10,000 payout per heat day = USD 60,000

Excess Degree Protection

Title slide with the text 'Heat Degree Cover – Payout for Excess Heat Degrees' and a graphic of layered circles in orange, yellow, and white, representing heat levels on the right side.

DESCRIPTION

Daily heat degrees are calculated as the difference between the threshold temperature and the daily maximum temperature (T-max), where T-max is above the threshold temperature.
If the trigger number of heat degrees is exceeded, the policy holder will receive a fixed amount for each additional heat degree up to the cover limit.

EXAMPLE

Text-based image showing parameters for a temperature monitoring system, including cover period from June to October, threshold temperature of 100°F, heat degrees trigger at 15, payout of USD 10,000 per heat degree, and cover limit of USD 1,000,000.

APPLICATIONS

Agriculture, construction, services, and other industries where the intensity of a heat event generates losses which increase as temperature deviates from the threshold.

PAYOUT PROFILE

Line graph showing payout versus number of heat degrees. Payout increases from zero to a maximum as heat degrees increase, with a trigger point marking the start of payout growth.
Table showing daily maximum temperatures in Fahrenheit, heat degrees, and cumulative heat degrees from July 25 to August 7.

Payout calculation: (33 cumulative heat degrees – 15 trigger heat degrees) * USD 10,000 payout per heat degree = USD 180,000

Critical Day Protection

Frost Day Cover - Payout for Excess Frost Days

DESCRIPTION

A frost day is defined as a day in which the daily minimum temperature (T-min) is below the defined threshold temperature.
If the trigger number of frost days is exceeded, the policy holder will receive a fixed amount for each additional frost day up to the cover limit.

EXAMPLE

A text-based summary of a cover period policy outlining temperature thresholds, frost days, payouts, and reporting requirements.

APPLICATIONS

Agriculture (late frost), construction (delay penalty), winter services, and other industries where losses per critical day are constant.

PAYOUT PROFILE

A step graph showing payout in relation to the number of frost days, with a trigger point at a certain number of days, and payout increasing as frost days increase until reaching a limit.
A table displaying daily data on temperature minimums, frost days, and cumulative frost days from December 31 to February 7.

Payout calculation: (8 cumulative frost days – 5 trigger frost days) * USD 10,000 payout per frost day = USD 30,000

Excess Degree Protection

Title slide with blue background titled 'Freeze Degree Cover - Payout for Excess Freeze Degrees' and a graphic of circles in shades of blue and white on the right side.

DESCRIPTION

Daily freeze degrees are calculated as the difference between the threshold temperature and the daily minimum temperature (T-min), where T-min is below the threshold temperature.

If the trigger number of freeze degrees is exceeded, the policy holder will receive a fixed amount for each additional freeze degree up to the cover limit.

EXAMPLE

Text outlining guidelines for a refrigeration or freezing system, including cover period, temperature threshold at 32°F, freeze degrees, trigger at 15 degrees, payout details, cover limit, and reporting requirements during the cover period.

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

Line graph showing payout increasing with the number of freeze degrees, reaching a maximum payout at a specific trigger point.
A chart showing daily minimum temperatures, freeze degrees, and cumulative freeze degrees from December 31 to February 7.

Payout calculation: (40.5 cumulative freeze degrees – 15 trigger freeze degrees) * USD 10,000 payout per freeze degree = USD 255,000