Pricing

Due to the uniquely customized nature of weather coverage, WeatherBill operates a sophisticated weather tracking and forecasting system, using a range of land-based, radar and satellite weather observation sources as well as state-of-the-art climate models to assess the risk and determine the price of the coverage. Factors that can influence pricing include:

·         Historical Observations: Past weather events at the covered location, including recent trends and changes in weather patterns

·         Short-range forecasts: The closer to the start date you purchase your coverage, the greater the influence of forecasts

·         Current weather conditions: Current drought, cold spell or other prolonged weather conditions may impact prices

·         Climate Outlook Models: El Nino and other large-scale weather indicators are important factors considered

·         Long-Term Trends:  Warming, cooling and other long-term trends are also applied

In addition to this information, the level of risk held by WeatherBill at a specific location or region can also influence pricing.  To ensure secure and reliable coverage, WeatherBill will limit exposure to any particular peril of a particular range of dates. Thus, pricing may increase if you purchase late in the season.

There are lots of ways to lower contract price, including lowering the maximum payout amount, adjusting the weather threshold, and changing the contract length. Contact a WeatherBill representative for help with pricing questions.