Vortex parametric snow insurance offered directly

Vortex Weather Insurance, dba Vortex Insurance Agency, on Thursday said its parametric snow insurance can now be purchased directly.

Previously, policies were only available through Vortex’s parent company MSI Guaranteed Weather.

Limits are fully customizable for the snow product, according to an email from a spokesperson.

The limits are dependent upon parameters including the length of the risk period; triggering events/parameters, and any desired deductibles; the number of properties included in the policy; and the location of the risk and its historical snowfall data.

There is a minimum premium amount of $250. All limits will be considered on a case-by-case basis, according to the email.

Insurance is underwritten by Mitsui Sumitomo Insurance USA and is admitted in all 50 states.