Definition of "Rain insurance"

The Carrillo-Tabares  Team<br>Hablamos Español real estate agent

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The Carrillo-Tabares Team
Hablamos Español
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Spring Hill Real Estate, LLC

Business interruption insurance in which the insured is indemnified for loss of earnings and payment of expenses resulting from adverse weather conditions. For example, the raining out of a fair, horse race, or boxing match can cause a substantial loss of money for a promoter who may have spent huge sums in advance of the event for rental, advertising, and site conditioning. However, the policy does not cover damage to property because of rain.

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