Posted in Finance, Accounting and Economics Terms, Total Reads: 353
Definition: Weight Of Ice, Snow Or Sleet Insurance
Financial safety against any kind of damage caused to assets or property by the winter weather. As the name suggests the weight of ice, snow and sleet can cause damage to properties especially if there is lot of storm or snow in a season. In cold areas where this phenomenon occurs regularly, this insurance is bought like a normal insurance.
This policy can contain many clauses which are very important. There are many combinations in such weather like snow storm, blizzard, and lot of damages can occur. So it is very important to understand what all is covered in the policy or what is not.