INSURANCE DETAILS

Insurance

Insurance Explained

Types of Insurance

Cycling Insurance
Contents Insurance
Life Insurance
Motorcycle Insurance
Pet Insurance
Travel Insurance
Van Insurance

Saving Money On...

Car Insurance
Home Insurance

Other

Contact us
Advertising Enquiries
Homepage

Agricultural Insurance


Agricultural insurance is a niche type of insurance product that is available for those who work in specific areas of agriculture. This type of product could offer piece of mind against various problems that could occur in the farming industry.

For example, it is quite common in the modern world that the weather behaves unpredictably. So there could be a year where the weather is particularly dry and causes a drought, or perhaps the opposite occurs - there is a flood. Either of these could wipe out certain crops, which can spell disaster as all the money put into those crops is lost with no product to sell to offset those costs and to ultimately make a profit.

In these instances, this is where a form of agricultural insurance could offer some sort of financial protection against those losses.

When applying for agricultural insurance, typically you would need to specify the product you are wishing to insure, and go to a specialist provider to get this, not a generalist provider. What is available also offers from country to country and even area to area, as some governments contribute to the costs in this area.

The sorts of crops that can be covered vary greatly, but they include such things as apples, potatoes, strawberries and many other fruits and vegetables. The exact nature of the products, what they insure against and level of protection afforded can vary greatly of course, and it is important to work out exactly what you might need before meeting with an insurer to find out more.

In summary, crop insurance is an essential product for farmers in terms of their risk management and ensuring the stability of the rural economy, and the ability for that to happen is essential for a country as a whole, not just those who engage in the agricultural sector.

Of course, crop insurance is also a really important product to enable those who are beginning to farm for the first time to enter the market and get sufficient credit to start their enterprises.

Related Articles...

Pet Insurance
People love their pets - whether you are a cat lover or a dog lover, or prefer something like a rabbit, a guineapig, snakes, hamsters or indeed any animal that you can think of, then pet insurance...

Motorbike Insurance
Motorbike insurance might sound like a bit of a niche category of insurance, but there are actually a huge number of people who ride these sorts of vehicles, and so even within this there are...

What Is Insurance?
What exactly is insurance? It sounds like a very basic concept, but it is important to know what insurance is, in order to work out why insurance is so essential to modern-day activities, and why...

Vehicle Insurance
Vehicle insurance is the category of insurance products that cover, surprisingly enough, vehicles. These can be any sort of vehicle that you can think of, with of course the most common product...

Property Insurance
Property insurance is a product that applies specifically to property, and has various different types of specific that are subsets of the general umbrella term 'property insurance'. Specific...

Contents Insurance
Contents insurance is a type of insurance product that covers the items that you have - the contents - of your home. There are a range of different providers of contents insurance out there on...

GAP Insurance
If you have bought a car in recent times, then you will probably have come across GAP insurance as the vendor will have asked you if you want GAP insurance or not. If you are not familiar with...

Income Insurance
Income insurance is sometimes referred to as income protection insurance. As the name suggests, this product is focused around what you earn from work. This type of policy is something that will...

Prize Indemnity Insurance
Prize indemnity insurance is a purchase that would be considered by someone offering a large prize and thus could stand to lose a considerable sum of money. This form of insurance would mean that...

Crop Insurance
There are two main types of crop yield insurance available, which come under the category of types of agricultural insurance product. It is self-explanatory what crop insurance guards against -...