Frequently Asked Questions
Weather Insurance
What types of weather can you protect against?
The Climate Corporation protects against a variety of weather perils that affect crop yield, including rain, heat, drought, and freeze.
How is The Climate Corporation’s Total Weather Insurance different from crop insurance offered through federal programs?
Total Weather insurance (TWI) complements crop insurance offered through federal programs. While multi-peril crop insurance (MPCI) covers up to 85% of a producer's annual production history (APH), with TWI, producers can base their coverage on target production (which is often much higher than APH) and as a result protect more of their profits. TWI is also different from federal crop insurance because it pays solely based on the occurrence of specified weather events, and therefore does not require any claims process or paperwork.
How does The Climate Corporation determine coverage cost?
The Climate Corporation operates a sophisticated weather tracking and forecasting system to assess risk and determine premiums. Factors that can influence pricing include:
• Historical Observations: Past weather events at the insured location, including recent trends and changes in weather patterns.
• Short-Range Forecasts: The closer to the start date you purchase your insurance, the greater the influence of forecasts.
• Current Weather Conditions: Current drought, cold-spell or other prolonged weather conditions.
• Climate Outlook Models: El Nino and other large-scale weather indicators.
• Long-Term Trends: Warming, cooling and other long-term trends.
Weather Data
How is the weather monitored?
The Climate Corporation’s platform integrates real-time, independently reported weather measurements generated by the National Weather Service and recognized regional meteorological organizations. Weather measurements are obtained through a range of land-based stations, enhanced and quality controlled using radar and satellite data.
How is rainfall measured?
The National Weather Service combines on-the-ground rainfall measurements with radar and satellite data to compute a daily rainfall value for each grid.
How is temperature measured?
The Climate Corporation uses the temperature values reported from the temperature station specified on your TWI policy.
Where can I view my up to date weather data?
You can login to the Policy Status page on www.climate.com at any time to see the most current rainfall and temperature measurements and estimated payout. The finalized payment information will be available 5 days after the end date of each policy component. Go to climate.com and click on the “Look Up Policy” link at the top of the page. Enter your Policy Number and Billing Zip Code and find the policy component you are looking for. Click the “View Weather Data” link to see a table with all rainfall measurement and payout information.
For more information about weather data, please refer to: Precip Measurement FAQ and Temperature Measurement FAQ
Payment
How Do I Get Paid?
Payouts are determined solely by independently reported weather measurements, eliminating the need for a claims process, proof-of-loss or payment waiting period. If payment is due, The Climate Corporation will send you a check automatically.
When do I get paid?
Checks are sent within 10 days of the end of your policy period. For Total Weather Insurance policies, if there is a payment due that is greater than the TWI policy premium, you will receive a check in the mail within 10 days of the end of the coverage period for each component of your policy. The amount of the check will be the total payment less any remaining policy premium.
How can I be sure The Climate Corporation is able to pay claims?
All insurance sold by The Climate Corporation is written through State National Insurance company and the paper our products are written on carries an A.M. Best “A” rating. Every state insurance commissioner has approved The Climate Corporation’s products and regulates the organization.
How do I cancel a policy?
When you purchase your policy, you and your agent will be provided instructions explaining how to cancel your policy through our secure online process. If you are unable to cancel online, you may instead fax your cancellation request to us at (877) 269-1530 or email it to us at support@climate.com using this cancellation form. You may cancel only within the cancellation period permitted by your policy. If you have any questions about cancellation, please call us at (888) 924-7475.
Who do I contact if I have a dispute?
You can contact The Climate Corporation directly at 1-888-924-7475 (toll free) or email support@climate.com.
About The Climate Corporation
How is The Climate Corporation related to WeatherBill?
The Climate Corporation was formerly known as WeatherBill. On October 11, 2011 WeatherBill officially changed its name to The Climate Corporation to better align the company's name and identity with its vision and commitment to providing value tools that help growers manage their weather risk and protect their livelihoods. Read the press release for more information.
Is insurance from The Climate Corporation reliable?
Yes. All insurance products sold by The Climate Corporation are supported by an A.M. Best “A” rating, with State National Insurance Company (SNIC) acting as the carrier for the company’s weather insurance program. The Climate Insurance Agency LLC acts as the sole general agent under SNIC authorized to underwrite and bind coverage for the weather insurance program from The Climate Corporation.
How long has The Climate Corporation been in the agricultural industry?
The Climate Corporation has been providing coverage to customers in the agricultural industry for the past five years.
Does The Climate Corporation work in other industries besides agriculture?
The Climate Corporation’s technology platform powers Raincheck.com, an automated weather insurance program for travelers worldwide.
Is this gambling?
The insurance provided by The Climate Corporation is the opposite of gambling. Our insurance is a risk management instrument that helps growers manage financial risk tied to the weather. With coverage from The Climate Corporation, you reduce the extreme variability in your income, ensuring a much more predictable, secure outcome. From a risk management point of view, not protecting your farming operation from weather perils is the real gamble.