Credits of REVO Insurance Company Start a new offer in the guest section REVO Festival of PeaceThis new parametric solution is dedicated to travelers, who already know where they are going, can’t enjoy their vacation to the fullest because of bad weather.
The policy is designed to guarantee accommodation facilities and online travel agencies (OTAs) the opportunity to provide their customers with insurance against adverse weather events and thereby receive compensation for damages that are not of material and any expenses incurred.
Often, in fact, it happens that even the planned holidays in the summer of culture use waves of bad weather. According to data from a recent report by the European Travel Commission, last year, during the summer, the Mediterranean region recorded a 10% drop in attendance, with serious economic damage for the entire region.
REVO Vacanza Serena can be tailored according to the insurance needs of its customers. For example, the arrangement created for BeSafe, an insurtech player specializing in providing digital services for residential buildings and the company’s partners, provides for a refund of 50% of the insurance amount for each day of rain more than 5 millimeters. The compensation is raised automatically when Radarmeteo, an independent company that acts as a word of mouth, records a rainfall event that exceeds a specified threshold.