Rain Insurance

A type of coverage which protects an insured against losses caused by cancellation of an outdoor event due to rain. The policy usually covers loss of income. The rain, hail, snow or sleet usually must exceed a certain amount and must occur during a stated period of time, either before or during the event

See Also: Renewal; Reciprocal Insurance Exchange; Reasonable and customary charge; Rated policy; Radioactive Contamination Insurance;

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