You don't need a legit waterproof reel to bass fish, like a Zeebass or VS to fish in the rain. Most quality reels will handle the occasional rainy day without issues, especially if you service them regularly. You can get reels that offer good water resistance within in your budget and are absolute blast to fish. You can get a Stradic FM from Japan for around 150$. Unless you get a rare dud, they are silky smooth and the AL body gives it a solid feel in hand. For such a nice reel they hold up great against SW, so rain won't be an issue. Stradic uses X protect, its like a combination of hydrophobic coatings and labyrinths on points of ingress along with physical seals in key places. Ultegra is essentially an older gen Stradic. You get the same water ingress protection, but the overall feel is a little less refined, still very nice though. Miravel wouldn't be bad choice either, but I have no experience with it. It uses core protect which isnt as effective as X protect, but still protects the reel well enough IMO. BIggest difference is that MIravel is made from a composite material instead of AL, which makes them about a half oz lighter than Stradic.
Daiwas' Fuego @ 110$ is the best at its price point. Its lighter and smoother than the competing Shimanos at the same price or slightly more. Fuego uses a composite frame, which is light and strong. Some people say they can feel the frame "flex" under load, but fishing for LMB/SMB with a reasonably set drag you won't have any issues. Fuego uses a light seal at the handle as well. Its method for protecting the rotor from water ingress is different from Shimano. They use a proprietary magnetized oil, (ferrofluid) to fill areas of ingress. That fluid will keep unpressurized water and debris from getting to the AR clutch or deeper into the gear box. They call it MagSeal. It definitely works, but there are some drawbacks. It doesn't last forever and eventually needs to be replaced. It can also be compromised by dropping the reel into the water or assembling disassembling incorrectly. It sounds worse than it is. If you dont work on reels yourself, a certified dealer will replace the MagSeal when you get a the reel deep cleaned every few years. Daiwa basically offers Fuego without MagSeal and-1 spool support bearing which is Exceler (99$). Both reels are outstanding and the best in their respective price points.