Agricultural Insurance Overview

Agricultural insurance policy is a constructive equipment for reducing the losses suffered by farmers due to various natural calamities such as droughts, floods, hail, outbreaks of pests, excessive moisture, frost, wind and wildlife diseases etc. Therefore, agricultural insurance fundamentally serves as an important business risk management tool to provide farmers with monetary protection against production losses caused by a number of natural perils. The premium of agricultural insurance policy basically depends on different factors like the location, type of crop, calamity years in the specified area, historical yield data and the indemnity level of yield crop. Since the agriculture sector is demographically the broadest and most significant economic sector in India, it’s a vital duty to secure your crop with the best agricultural insurance online. A number of agricultural insurance companies in India offer these policies. You can easily get quote buy agricultural insurance online without having to face any complexity.

What Does Agricultural Insurance Cover?

This policy covers the following:
• Any shortfall in yield due to Lightning and Natural Fire, Hailstorm, Storm, Typhoon, Cyclone, Tempest, Tornado, Hurricane, Inundation, Flood, Drought, Landslide, Diseases / Pests, Dry spells etc.
• Any loss due to prevented planting / sowing risk resulting from adverse seasonal conditions or deficit rainfall is covered under agricultural insurance policy.
• Any post harvest Losses are covered under the policy.

Agricultural Insurance Claims Process

You will be required to file your agricultural insurance claim with a number of necessary documents such as: • Duly completed claim form
• Land records as per Government norms
• Certificate from certifying agency nominated by Government of India or authorized by the Company
• Other than Government subsidized scheme, two photographs of loss or damage incurred area of insured Crop which explains the loss under the policy

Exclusions on Agricultural Insurance

Just like any other insurance policies in India, Agricultural Insurance Policies certainly have a number of exclusions. Below is a brief description of exclusions under agricultural insurance policy in India. However, for detailed exclusion list, check for the policy wordings.
• Damages from fire during harvest due to spark originating from engine tire out and/or other hot equipment parts on harvesters and/or tractors
• The burning of the property by order of any public authority or unfathomable fire
• Controllable diseases, weeds and/or controllable insect infestations
• Poor crop stand due to either defective seed / unfavorable or sampling conditions prevailing during sowing period
• Action of birds and animals
• Any loss incurred to any crop which has been harvested before the inspection by the assessor
• Acts of Terrorism damage or loss
• Intentional destruction of the Insured Crop
• Clandestine sale / theft of the Insured Crop
• Loss occurring due to industrial pollution and / or toxic waste

How Can GIBL Help You With Agricultural Insurance Online?

GIBL, one of the biggest online marketplaces for general insurance solutions, has been serving thousands of happy customers daily by helping them find their suitable insurance policy at reasonable prices. We offer the best policies that you can hope for. As far as agricultural insurance policies are concerned, we are tied up with some of the best providers of agricultural insurance in India and we only offer you policies from them only. You can instantly get quotes online for agricultural insurance from GIBL.