Aon France launches holiday rainfall cover

| July 14, 2009 | 0 Comments
Aon France launches holiday rainfall cover

Aon France has launched an innovative travel policy that compensates holidaymakers whose vacations are “rained off”.

The policy pays out if there are a minimum of four rainy days in any one week, according to a report from Reuters.

The occurrence of rainfall is validated using satellite photography supplied by the French weather bureau, with a maximum payout of €400.

Settlement occurs automatically, with the policyholder advised by text compensation is due.

A pilot study from last year indicated that 10% of those interested in buying the cover experienced sufficient rain while on holiday to receive a payment.

US firm, WeatherBill, offers a similar deal for the organisers of large events, paying out if there is an agreed amount of rainfall during the event dates.

The cover is non-insurance based and therefore requires no proof of loss or claims process.

Payment is based entirely on local weather data.

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Category: Aon News, Insurance News, Travel Insurance News

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