When it rains people are
forced to change plans. The Texas State Forest Festival has insured that they
don't lose revenue when rain events happen.
"We are certainly
proud to have that rain, but when the crowd doesn't show up at the festival it
ruins the whole evening, said Angelina County Chamber President Jerry Huffman.
After a record setting
opening night, Thursday saw little foot traffic.
Huffman isn't new to this
event, which is why the chamber purchased rain insurance.
The festival pre purchases
insurance for each day.
"Thursday and Friday
night we would buy insurance for 4 p.m. - 9 p.m. and if we get a half inch or
inch of rain then our insurance would kick in," Huffman said.
If the required amount of
rain is reached, the policy will pay meaning the festival won't lose out on its
annual $60,000 profit.
"The forest festival
benefits the chamber, the Texas Forest Museum, Angelina Beautiful/Clean and the
Expo Center, so if we had a good five day event we would be able to give them
more money then we obviously would if we had rain that killed us," said
Insurance agents say not
having insurance could be costly.
"You can budget for
the incremental amount of rain insurance each year, but if a rain event did
occur and kill participation in the event, that alone could severely impact
their income for their event," said insurance agent Ben Bartlett.
Huffman said that right now the festival is breaking evening
and he is hoping for a strong weekend showing so the event can be considered a
Tuesday, September 16 2014 7:31 AM EDT2014-09-16 11:31:48 GMT
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