WeatherBacker Products: Snow Removal

The Challenge
A city administrator is preparing the budget for winter snow removal. Will this year's snow storms leave a few inches or a few feet of snow to be removed? The administrator wants to be sure that the roads will be clear next winter and that costs fall within budget.

The Solution
ACE WeatherBacker gives an administrator the flexibility to be reimbursed on the basis of the amount of snowfall, the frequency of snow storms, or both. At ACE, we can customize each client’s program by helping the client to determine the right deductible to manage costs for storms of all sizes. The Agreed Amount per Storms is applied against the deductible. Once the total Agreed Amounts per Storm exceed the deductible amount, the policy responds with payment on a per storm basis.

Benefits
By insuring against budget shortfalls caused by excessive snow storms, an organization can focus on those matters that they can control

Features*

• Policy Limit – Up to $2,000,000 in coverage.
• Minimum premium is $25,000.
• Policy Terms – One day to one year.
• Rate on Line – Typically 1% to 20% of the policy limit depending on the requested deductible.
• Quote Lead Time – One to five days depending on the complexity of the quote.

*subject to policy terms and conditions.