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...

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... Life Insurance One of the most well-known types of insurance product is life insurance. And this does very much what it says on the tin - it insures against the life of a person. Thus, if the policy holder (the... 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... 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... Saving Money on Car Insurance Like with most types of insurance, the car insurance sector is extremely competitive. There are a lot of providers of this product, but also a lot of different factors that are taken into account to... Bicycle Insurance Bicycle insurance, as with all insurance products, gives you a way to deal with the risk of having something happen to your bicycle - depending on the product you choose - and therefore having the... Types of Car Insurance There are various different types of car insurance product that are available in the UK. The minimum level of cover that is available to meet legal requirements is a product called third party... 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... Van Insurance Most people know about car insurance, but what about van insurance? Clearly if you drive a van then you need to know about van insurance. There are various different types of van insurance which... Flood Insurance Flood insurance is a specific product under the umbrella of insurance and it covers - as the name suggests - losses that occur due to flooding. In many cases, this form of protection (flood...