Few things I like to share:
#The reason we get "no signal" during rain is not because of rain.
#During rain the "LNB" gets wet (ofcourse everything gets wet) and they DO NOT work properly when they are wet.
#However LNBs are manufactured in such a way that it gets dried quickly.
#Now, coming to your query, covering the lnb with a plastic cup or cover will delay the time taken by LNB to get wet. So, yes it will help to get signal for a longer time during rain.
#But, there is a problem. There are chances that the cup/cover can be pierced by birds or gets cracked. And due to that, if by any chance the rain gets inside the cup/cover and the lnb gets wet, then not only you will get no signal but also the LNB will take longer time to get dry as it is covered by plastic now. And as said above, lnb will not work properly till its dry. So it may not help as well.