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Rain insurance - does this make sense to you?

Rain insurance - does this make sense to you?

Old May 3, 23, 11:56 am
Original Poster
Join Date: May 2023
Posts: 1
Rain insurance - does this make sense to you?

Hi all,
We have launched a rain insurance product for travelers. It's available for all destinations in the EU.
The insurance pays 100€ for each rainy day during your trip, and costs between 3€ and 7€ per day.
The payment is guaranteed by the French insurance company Wakam.
What do you think about this product? Does this make sense to you?

Happy to receive any feedback and criticism from frequent travelers!
You can find more details here:

NikolausH is offline  
Old May 3, 23, 8:49 pm
Join Date: Jan 2004
Location: Heraklion, Greece
Posts: 7,435
The way I see it, this is either a joke or a scam. Here's the extremely simple math:

For ease of the calculation I use a premium of 5€ per day. This means that for the insurance company to make money it would have to be fewer than one rainy day for a 20 days trip. Assume that I plan a 10 days tour of Germany in the summer, and given an average of about 9-12 rainy days per month, for this trip I would have to pay 50€ and I would expect, statistically, 300-400€ back from the insurance.

Which insurance company would take up the risk? They would be out of business in a few days!
KLouis is offline  
Old May 8, 23, 10:53 am
Join Date: May 2006
Location: IAD
Programs: UA 1MM *G (recovered GS), SPG Nothing, Hilton Nothing, AA Nothing
Posts: 878
As another data point, I took a self-guided bike trip last Summer (Passau to Vienna). One add-on was the 'no worries' package for EUR 50 (or about EUR 6 per day) including a weather guarantee of sorts:
  • For an adverse weather phase (after 2 cycle days without any prospect of weather improvement given by the information desk of the weather station in Linz-Hörsching) your trip can be cancelled free of charge. You will get the amount refunded for services which were not consumed. (This insurance does not substitute for a cancellation – or complete cover insurance!)
This seems more useful to me than the money payment because if the rain is the problem, EUR 100, while nice, doesn't really make up for biking in the rain. And, the package also included extra bag transport, a free shuttle, and a more flexible change policy, including free cancellation for any reason (perhaps related to Covid - they now only allow changes not cancellations with this package).

I don't think I'd pay the EUR 3-7 for the rain portion alone, but as part of some broader set of things perhaps.
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CarlTheWebmaster is offline  
Old May 9, 23, 9:48 am
Join Date: Jan 2017
Location: Paris, Geneva
Programs: Some...
Posts: 323
The most obvious question (and there isn't the answer in your FAQ) is : what is a rainy day?
rain non stop from 8am to 8pm ? => this hardly never happens so you will never get the 100€
30 min of rain ? => this happens so often that no insurance company will take the risk

I remember that the Management Team of Roland Garros sold tickets that could be reimbursed if no game were played during the day. One day, only 20 minutes were played and the management team said "no reimbursement as games were played", pissing off everyone.
It wasn't good for their image at the end (now, as the center court has a roof, there isn't the pb anymore).
thibderoc is offline  

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