Cotton Insurance
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What can you insure for?
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Hail
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Fire
Additional Benefits include:
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Re Planting
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Additional Growing Costs
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Seed Cotton in Transit
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Refuge Crop cover
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Micronaire Downgrade as a result of hail
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Leaf & Colour Downgrade as a result of hail
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Delayed Picking as a result of hail
Our policy offers three options for determining yield:
Predetermined Yield Cover
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The Insured Yield and Agreed Value nominated by the insured and agreed by Us is considered final.
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If the Actual Yield of an Insured Field is less than 75% of the Insured Yield for that field, we then recalculate the Field Sum Insured using the Actual Yield (harvest yield).
Variable Yield Cover
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The Actual Yield picked replaces the estimated Insured Yield taken at the inception of the policy for the purpose of calculating the Sum Insured in the final premium calculation. The Actual Yield is capped at 125%of the Insured Yield.
Production Cost Cover
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We cover for the Agreed Variable Cost inputs. Requested changes to the costs can be made and agreed by IF. The Agreed Variable Costs are considered final for the purpose of calculating premium and any potential claim.
For full details of this insurance including limitations, exclusions applied excesses and general conditions please read the Insurance Facilitators Cotton policy wording.