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Weather insurance is a type of protection against a financial loss that may be incurred because of rain, snow, storms, wind, fog, undesirable temperatures or other adverse, measurable weather conditions.
Weather insurance is ideal for farmers, film producers, agricultural managers and operators (whose repayments are affected by harsh weather conditions), banks, to protect them from financial losses caused by the climatic conditions.
The wrath of nature can not only be unpredictable, but also destructive. Natural calamities can affect us at various levels, and more viciously than we anticipate. To protect us from extreme weather conditions/variations, insurance companies offer weather insurance.
