If it is expected to rain, customers can cancel their holiday 72 hours in advance and receive compensation
If for your next holiday you’re planning to jet off to France, Italy or Spain for some sun, you can now buy a new kind of insurance – against rain.
The catch is you’d have to book your break via Campings.com, a site specialising in campsites across Europe. Campings.com has teamed up with fintech startup Setoo to design insurance that allows customers to cancel their holiday 72 hours in advance if it is expected to rain and receive compensation.
Based on forecasts from Meteomatics, a specialist weather data provider, Setoo will notify campers of looming rain. Any customer deciding to cancel the holiday will then automatically receive a payout.