frequently asked question
Q: What is Weather.BI™ insurance?
A new form of parametric insurance that pays you automatically based on specific weather conditions, not damage.
Q: How is this different from traditional insurance?
Traditional insurance covers damage. Weather.BI™ covers lost income caused by weather disruptions.
Q: What kinds of businesses is this for?
Ideal for small to mid-sized retail, service, hospitality, and more.
Q: What weather events are covered?
Extreme temperature, high and low, and rainfall. These are accumulated averages over 7-day periods.
Q: How are payouts triggered?
When your selected weather parameter is reached.
Q: Do I need to file a claim?
No. Payouts are automatic once the weather threshold is met. AIR Parametric will reach out to you for next steps.
Q: How do I sign up for a policy?
Reach out to your agent associated to one of our partners.
Q: How long does coverage last?
Coverage last year-long. Annual renewal is required.
Q: Is Weather.BI™ really this easy?
Yes. We have eliminated the paperwork, claims, and stress.