Plowing Snow is Expensive
Plowing a Lot of Snow is Very Expensive Vortex Snow Insurance for Municipalities
Snow Insurance for Municipalities Designed to Help Reduce Annual Budget Volatility
Government agencies at all levels use various metrics to budget for annual snowfall removal costs. Planning methods include the use of the average inches of snow, average number of snow events, average expenses over the last five years, or even over-budgeting just to be safe. Regardless of how the budget is set, each year the actual weather can cause these budgets to succumb to overruns, resulting in the need to utilize reserve funds or divert funds from other planned uses. To help protect against these unbudgeted costs, consider a snow insurance policy through Vortex Insurance Agency.
You Choose the Type of Snow Coverage You Need
Seasonal snow-accumulation coverage
If the sum of the daily snowfall during the coverage period exceeds the level defined in the policy, a payment is made to the policy buyer. That payment is calculated by multiplying the payment per inch amount and the number of inches of snow that exceeded the predetermined level of snow. You choose the total amount of snow that will place your budgeted funds in jeopardy as well as the amount of funds-per-inch of snow for which you desire coverage.
Vortex can provide a policy that protects against an excessive number of snow events. You define the daily snow total that defines the event. Common choices are daily snowfall greater than or equal to one inch, two inches, or four inches. Again, you also choose the number of snow events that will cause a budget overrun as well as the amount of funds-per-event.
Unique snow coverage
The sky is the limit! If the costs to remove six inches of snow are nearly the same as removing a foot of snow, you may consider a snow-accumulation policy that has a maximum daily amount capped at six inches. Such a policy may reduce the influence of a single day of heavy snow on your overall snow removal season. A policy can be written that includes only weekends and holidays, when overtime costs are at their highest levels. These are but a few possibilities that can be structured in a Vortex snow insurance policy. Let us arrange for a policy to meet your unique needs today.
Let’s Get Started
Call one of our licensed agents and let us generate a quote for a Vortex snow insurance policy that addresses your own unique concerns. A call to Vortex could be your first step towards a balanced budget.
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Product availability subject to licensing by jurisdiction. Insurance underwritten by Mitsui Sumitomo Insurance USA Inc., a member insurer of the Mitsui Sumitomo Insurance Group. Weather insurance product not available in all jurisdictions. Actual coverage is subject to the language of the policies as issued. Mitsui Sumitomo Insurance Group, 15 Independence Boulevard, P.O. Box 4602, Warren, New Jersey 07059-0602
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