Procedures and Services

The Agricultural Goods Insurance covers all short and long cycle crops, as well as permanent plantations of coffee, cocoa, sugar cane, banana, fruit trees, flowers and their productions.

Protection is provided to the following assets:

• Tobacco, vegetables, grains, rice and food crops.
• Coffee and cocoa
• Planting sugar cane
• Sugar cane
• Banana
• Protected crops
• Citrus
• Fruit trees
• Seedbeds
• Nurseries
• Forestry
• Organoponics
• Temporary flower cultivation
• Permanent plantations
• Promotion of permanent plantations

By insuring these assets, they are protected against damages or losses caused by or as a result of Cyclone (Depression, Tropical Storm, Hurricane), windsock, tornado, flood, heavy rains, hail, drought, fire, as well as pests and diseases whenever the crops have been sown on the optimal dates according to the calendars approved by the competent organisms.

In essence, the vegetative development and production of the plants are assured, with their expected costs and yields. The insurance object of a temporary crop can be the investment made to it or the yield.

Investment Insurance: Amount of direct investment to obtain the expected harvest, considering the costs for labor according to the crop, the planting season, the technology to be used and the planned area. The amount of the insured direct investment may never exceed the value resulting from the sale of the crop.

Yield Insurance: Values ​​that the producer must reach at the end of the harvest, based on an expected level of production per unit area, valued at a weighted average price. The highest yield obtained by the producer in the last 3 years or similar campaigns, the productive potential of the variety (s), the edaphoclimatic conditions in which the crop is developed, will be taken as a reference, if the crop is expected in irrigated or rainfed conditions, the technology used and the experience of the producer in managing the production. In the case of new producers for the determination of the insured value, the result of neighboring producers with similar conditions will be taken into account. The consideration of the behavior of the different factors will be adjusted to what is established in the manuals and procedures.

Permanent Plantations Insurance: Sum of the values ​​of all the plants that make up the plantation, determined from their cost sheets, considering the cuts or depreciation and technology of the crop.

AMOUNT OF INDEMNIFICATION:

1. a) -Loss before fruiting.

Both for investment and for yield, in the cases in which reseeding is not carried out, 90% of the loss valued at cost will be compensated for the work carried out up to the moment of its occurrence reflected in the inspection and appraisal act.

When reseeding is carried out, the compensation will be calculated on the basis of one hundred percent (100%) of the expenses that will be incurred for the work necessary to carry it out. In this case it will be necessary to return the insured value.

1. b) -Loss after fruiting.

Investment: The insurance compensation will be calculated by applying ninety percent (90%) to the loss reflected in the inspection and appraisal act, according to the actual work carried out up to the moment of occurrence of the claim, valued at cost per unit of production.

Performance: The amount of the compensation will be calculated by applying the% selected by the Insured during the insurance process to the amount of the loss reflected in the inspection and appraisal act, valued at the sale price per unit of production at which the sure.

Both in investment and in yield, no compensation will be applied, when the amount of the value of the production obtained is equal to or greater than the amount of the insured value. If compensation was made before fruiting, it will be taken into account for the purposes of calculating the production obtained.

Permanent Plantations:

The insurance compensation will be 100% of the value of the lost plants. In the event of partial loss, 90% of the costs of recovery of the plant from the rehabilitation of the area (pruning, sanitation and cleaning) will be paid.

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