Weather insurance

In comparison to the classic damage or personal insurance, the parametric weather insurance (also called weather risk insurance or weather index insurance) covers everyday weather events such as rainfall or temperature levels. The insurance benefit is not based on a property damage that has occurred but on the measurement values of the official weather station that is stipulated in advance. As a result, the agreed sum insured is paid if the critical weather conditions mentioned in the insurance policy arise, and if these can be verified with the help of objective measurement data. No proof of damage or expert report is necessary here.

Weather insurance