WHAT IS COVERD?
Indemnity against physical loss or damage to growing crops directly by uncontrollable pests and diseases, drought, Fire, Lightening, Malicious damage, Earth quake, Riot and strikes, Explosion and Windstorms
BASIS OF COVER
Sum insured for the crop is based on production costs or pre-agreed nominated value of the harvested crop based on the Long Term Average Yield (LTAY)
- Planted Area (ha) x Long Term Average Yield (tones/ha) x Pre-Agreed Value (Ushs/ton)
- Cost of input or costs incurred in running that enterprise e.g. Seed, fertilizer, ploughing, weeding, agrochemicals etc
Harvested Crops and Crops in transit; Any Crop which has been harvested prior to inspection by our loss assessor; A result of consequential loss whether or not caused by a defined peril. Where recognized good farming and harvesting practices have not been followed; Controllable diseases, weeds and/or controllable insect infestations
CROPS TO BE INSURED
Coffee, Maize, Beans, Rice, Cotton, Bananas, Oil seeds, Fruit Trees, Tea
IN CASE OF PROBABLE LOSS
Consortium must be given a written notice within 48 hours after the occurrence.
If a probable loss is determined after harvest begins on an insured Crop, notice must be given immediately and a representative sample of the un-harvested Crop (at least 2 rows and the entire length of the Field) must remain un-harvested, unless the Consortium gives the Insured his written consent to harvest the representative sample
Prompt notice to the Consortium if, during the period before harvest, the Insured’s Crop is damaged to the extent that the Insured does not expect to further care for the Crop or harvest it, or if the Insured wants the Consortium consent to put the Field to another use, or additional damage occurs after consent to put the Field to another use is given.
Leave intact any field which is not to be harvested until the Consortium makes an inspection of the same. The settlement of claims should take place within 6 weeks from claim inception
|Crop||Premium rate||Yield Guarantee|
|Tea||4( western region)
6% (central region)
|Sunflower & oils seeds||5%||75%|