Sentence examples for rainfall insurance from inspiring English sources

"We bought rainfall insurance," Mr. Smith said.

Weather insurance policies with built in rainfall insurance are sold to farmers as a hedge against uncertain weather.

The findings on the relationship between risk and enrolment in CBHI in this study are consistent with a study that found that risk-averse households are less likely to purchase rainfall insurance among farmers in India [ 57].

Farmers in Zimbabwe can insure their crops against drought or excessive rainfall through EcoFarmer, an insurance service offered by Econet Zimbabwe, which lets them pay back the $10 premium for the season using EcoCash Mobile Money.

For instance, in 2012/2013 a Dutch-based re-insurance company called COIN-Re along with local insurance companies insured 1282 maize growers in Central and Northern parts of Malawi using relative evapotranspiration (RE) as an index instead of using the rainfall index (FESA 2014).

This triggers insurance payouts if rainfall has been lower than expected, causing drought conditions.

This is less than the 80%% sometimes adopted as a target value for conventional water supply and irrigation systems (Wallingford 2004) as this would probably be acceptable as it is customary to retain some water in the dam at the end of the dry season (carry-over) to provide insurance against low rainfall in the following year.

Heavy rainfall and floods in Thailand prompted insurance claims of $12 billion for damage to property and interruption of business.

Thus, detailed and understandable information on the trigger values of abnormal rainfall and temperature and the compensation schemes of the insurance policy should be clearly explained to farmers to promote insurance uptake.

According to the statement, the insurance policy is based on rainfall data gathered from 26 weather stations across the impoverished Horn of African nation and payment will be made when the data indicates that rainfall between March and October this year is below historic averages.

The former may require insurance only if the extreme rainfall causes damage and when premiums are adjusted to take into account the precautionary measures already in place.