By Lebawit Lily Girma | Bloomberg
Sudden downpours on a planned big city weekend, a family glamping getaway or tee time with friends: We’ve all experienced weather ruining our vacations. With climate change growing more unpredictable by the year, Los Angeles-based Sensible Weather Co. is offering a hedge: supplemental insurance coverage that automatically sends you a refund if the weather turns bad.
The climate tech and insurance startup currently partners with a small range of travel and recreation companies, from resorts to theme parks, to offer a weather guarantee as an add-on to reservations. The cost ranges from 8% to 12% of the total booking price.
Founded just before the Covid-19 pandemic hit, Sensible