Multiperil Crop Insurance
What is covered ? Physical loss of or damage to growing crop directly caused by:
- Drought.
- Uncontrollable pest and diseases.
- Hailstone damage.
- Flooding of the crop field.
- Fire and lightning.
- Malicious damage.
- Earthquake.
- Riot and strike.
- Explosion.
- Windstorm
The cover can be extended to include harvested yield whilst stored at the farm or any other place of temporary storage and in transit to any recognized buyer within the country
Crops covered
Wheat, Barley, Oats, Rye corn, Triticale, Canary Seed, Millet, Panicum, Sorghum, Maize, and Rice among other monocotyledon crops.
Pea, Bean, Lentil, Vetch, Canola, Kale, Mustard, Lupin, Safflower, Sunflower and Linseed among other dicotyledon crops.
Basis of Cover Sum Insured for any crop is based on production costs or pre-agreed nominated value of harvested crop
Basis of Claim Settlement
- Yield short fall below guaranteed level as a result of listed perils insured.
- Claims are due for payment the end of a crop season unless there is total loss happening during the insured crop planting window.
How it works
The insurance cover pays the crop farmer money spent to plant the crop or loss of income should the harvest fall below agreed guaranteed yield. The cover can be extended to include harvested crop stored at the farm or any other place of temporary storage and in transit to any recognized buyer within the county.
Why should every farmer have this protection?- Guarantees that your investment is not lost should any of the above events occur
- Secures your income by making sure you get compensated
- Your bank will consider you a better customer to lend money knowing that their money will be repaid in all circumstances. You can use your policy as part of the collateral to the bank
