Climate change is causing disrupting weather patterns and creating fundamental changes in temperature and precipitation. Uncertainty facing farmers is unpredictable and sometimes uncontrollable.
Crop Insurance comes in as one of the risk mitigating measures in the loss of crop (Wheat, Barley, Maize, etc)
PERILS ENCOUNTERED
Drought
Uncontrollable pest and diseases
Hailstorm and windstorm
Floods
Dfire
Frost
Lighting
These perils pose a great challenge particularly on the production. Thus compromising on the yield expected and the loss of income
Crop Insurance also comes in handy to secure lending where this loss has happened to a farmer
Coverage/Sum Insured
Total Cost of Production (Land Rent, ploughing, seeds, fertilizer, chemicals, labour, etc.
Long Term Expected Yield Estimate
EXCLUSIONS
All losses caused by non insured peril
Theft, mysterious disappearance and unaccountable losses
Loss of earning, loss of delay, loss of market or other consequential or indirect damage of any kind or description whatsoever.
Loss or damage resulting from total or partial cessation of work or the retarding or interrruption or cessation of any processs or operation
Loss or damage occassioned by permanent or temporary dispossession of any property resulting from the unlawful occupation by any person of such property
Losses due to looting plundering and pillage of the property insured
Errors in pesticide application and failure to adhere to recommendation on application procedures
EXAMPLES OF CROPS INSURED
Maize
Wheat
Barley
Sugarcane
Tea
Coffee
Cotton
CLAIM PROCESS
Notify us in case there is an occurrence likely to give rise to a claim immediately within 12 hours of your knowledge of the same through a written communication