What is agricultural insurance?
Agricultural insurance involves financial protection against threats from natural disasters and climate change, that is, financial support in cases of death and forced slaughter when it comes to livestock production, as well as minimizing this risk.
Safe and reliable insurance is vital for the survival and development of the agrarian sector. As an industry, agriculture is insecure and subject to risks and is subject to numerous subsidies from the state. Damage to crops and fruits, as well as damage to livestock, is often an irreparable loss to farmers.
Crops and fruit insurance
What can be the subject of insurance?
The subject of this type of insurance are all agricultural crops – one, two, or perennial crops grown as a main crops, sub-crops or a stubble crops, then forest crops up to the age of six, poplar and willow for plaiting and cane not subject to cultivation but used by man as a raw material.
The insurance may also cover crops and fruit cultivated in a covered area (glass houses and plastic greenhouses).
For all plants (annuals and perennials) insurance coverage is provided for the purpose of their cultivation, that is, their annual genus, which is most commonly a fruit, flower, tree, leaf, root, rootstock, spools, cuttings, seedlings or rods.
All the plants that are insured are grouped according to the type of cultivation and biological affiliation and are divided into:
- cereals
- industrial plants
- vegetables
- fruits and vineyards
- young orchards and vineyards to the moment of becoming fertile and in fertility
- crops and fruits in glass houses and plastic greenhouses
- fruit-vine and forest planting material
- young forest crops up to the age of 6
- medicinal and ornamental plants
- forage
- willows for plaiting, reeds, etc.
What risks can you
Yield loss in crop and fruit production is ensured by:
- drizzle, fire and lightning
- storms
- floods
- spring frost
- autumn frost loss of seed quality in seed corn
- after the harvest / gathering
- loss of seed quality
- loss of quality in fruit and table grapes
- drought
- loss of revenue
Insurance companies stimulate this type of insurance with a number of benefits, such as being able to pay a premium after harvest or gathering, without paying interest, discounts of up to 50% when paying a premium and discounting early insurance contracts.
Animal insurance
What can be the subject of animal insurance?
All types and categories of domestic animals, some wild animals and exotic animals in zoos (ungulates, cattle, sheep, goats, pigs, bees, dogs, trout, nerds, turkeys, seas, peacocks, poultry, etc.) can be covered by this insurance policy. For poultry insurance, parent and production flocks of heavy and light lines can be provided, as well as fattening chickens and turkeys. It is important to note that the animals as a whole are insured, not their products.
What risks can animals be insured against?
- The death, forced slaughter or killing of an illness or accident
- loss of a calf (foal) during calving
- loss of breeding capacity of heifers or cows
- loss of breeding capacity of male breeding heads
- the risk of castration and ovariotomy
- insurance for animals at exhibitions
- insurance for animals during quarantine, etc.
- insurance against dangerous infectious diseases such as swine fever
The poultry insurance risks that can be covered are:
- fire
- interruption of ventilation
- diseases legally required to report
- other diseases and conditions that are defined by the insurance companies and predefined in their Insurance Terms and Conditions.