Low Snowfall

Maintain your revenue stream during mild winters with our low snowfall parametric insurance solution

Things you can do

Overview

Insufficient snowfall impacts businesses relying on snow accumulation. Arbol's parametric coverage for low snowfall offers tailored protection against revenue losses arising from inadequate snow. Policies can be customized with location(s), desired limit of liability, coverage trigger, and risk period.

Available

All 50 U.S. states

Who can benefit

Snow removal companies
Ski resorts and winter sports facilities
Municipalities with snow removal contracts
Businesses in regions with seasonal tourism relying on snow

How it works

Using ERA5 snowfall data, an insured becomes eligible for a loss payment if cumulative snowfall falls below the pre-selected trigger, ensuring businesses can maintain profitability and continue operations despite low snowfall challenges.

An example structure

For informational purposes only. Actual coverage may vary by carrier.

Context

Mountain Resorts that rely on revenue from the ski season need natural snowfall to ensure revenue targets are met. Ski slopes require a minimum amount of snow to be usable and part or all of the slope will need to be closed if there is a lack of accumulated snow.

Contract structure

Client

Mountain resort

location

Aspen, Colorado

peril

Low Snowfall

full limit recovery

20 inches

Payouts Based on

Cumulative Snowfall

limit

$100,000

payout table example

x% for Cat 3 within 30 miles

y% for Cat 4 within 20 miles

z% for Cat 5 within 10 miles

Daily threshold

limit paid at

payment per inch

$6,666.67

time period

12/1 - 2/27

Coverage trigger

35 inches

data source

National Hurricane Center

Payout profile

Next steps

If you're an agent, you can request a premium indication

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If you have a question?

© 2023 Arbol Inc. All rights reserved.

Climate Risk Insurance Solutions LLC, doing business as Arbol Insurance Services, and operating in New York under the name Arbol Insurance Services LLC (“Arbol” or “AIS”) is licensed as a property casualty and surplus lines insurance agency in all states in which insurance is offered and such licenses are necessary to offer this insurance. All descriptions or highlights of the insurance being provided are for general information purposes only, do not address state-specific notice or other requirements, and do not amend, alter, or modify the actual terms or conditions of an insurance policy. Availability and qualification for coverage, terms, rates and discounts may vary by jurisdiction. Our state license numbers can be found here. AIS does not solicit from the public. Any carrier ratings contained herein are as of 7.18.23. A.M. Best ratings are under continual review and subject to change. Current ratings can be found at www.ambest.com.