Super Bowl has it covered when it comes to weather
By Steve Keating
NEW YORK (Reuters) - You might not be able to beat Mother Nature but you can try to protect yourself from her and the NFL made sure all bets were covered when it came to Sunday's Super Bowl between the Denver Broncos and Seattle Seahawks.
The forecast for the league's showcase game has improved dramatically to the point where weather is not expected to be an issue when the teams take the field at MetLife Stadium with temperatures hovering just above freezing and only a slight chance of precipitation.
But the threat of a monster blizzard or a teeth-chattering Arctic vortex disrupting the Super Bowl party was enough for the NFL to take out what experts estimate to be a multi-million insurance policy.
The league confirmed to Reuters only that it has interruption insurance for all games but according to Steven Perlini, a vice president for HCC Specialty Underwriters, Inc. which has insured most of the world's major sporting events, coverage is far more extensive and took in every possibility.
"I am familiar with it to some degree," Perlini told Reuters. "This coverage is called event cancellation insurance but it is really much more than that, in reality it covers a lot more than the event being cancelled.
"If the event is interrupted and starts back up, but they suffer a financial loss from it, that is covered. If they have to reschedule, relocate to a different venue, that's covered. There are all sorts of different scenarios that are covered.
"There are a few exclusions in the policies but, outside of that, anything that is beyond the control of the event organizer is going to be covered."
With New York/New Jersey staging the first cold weather Super Bowl, the NFL had a number of contingency plans in place, including moving the big game to Saturday or Monday, should the area get slammed by a winter storm. Continued...