Sign-in / Sign-up
The Policy covers Flowering plants whilst growing in Farm/greenhouse/polyhouse.
ABOUT THE POLICY
The Policy covers Flowering plants whilst growing in Farm/greenhouse/polyhouse.
Period of Insurance - One year or crop period.
Valuation/Sum Insured (maximum Rs.30 0
This insurance cover indemnifies the insured to the extent of input costs (cultivation costs) incurred upto the date of loss. Details of input costs to be given by the insured. Valuation will be fixed on per plant or per acre basis.
Suggested Premium Rate - 5% on Sum Insured.
Excess - 20% of the claim amount.
WHAT WILL POLICY PAY AND HOW MUCH?
Scope of Cover
Loss or damage directly caused due to -
Fire including forest fire and bush fire.
Lightning.
Acts of terrorism.
Riot and Strike.
Storm hailstorm cyclone typhoon tempest hurricane tornado.
Flood and inundation.
Earthquake.
Impact damage by rail/road/air/animals.
Named pests and diseases specific to the flower crop insured.
WHAT WILL POLICY NOT PAY?
Loss or damage to the
flowers (produce)
loss by theft
malicious acts
war and war-like perils
nuclear radiation
volcanic eruptions
willful negligence of insured
non-flowering climatic variations
water logging
consequential loss
natural mortality etc.
