With CGU, you select the agreed value per tonne for each crop, within reason. We then guarantee this value will be paid in the event of a claim – even if the market value has dropped.
This is one way in which your CGU policy delivers security and is a huge bonus for those growers who have forward sold their crop.
For those that are still considering insuring your crops, our advice is to insure them early, as it will cost you no more to do so.
Given the unpredictable weather conditions in Australia, hail or fire could damage your crops, so it is important you protect your livelihood.
Factors to consider when insuring your crop:
- Does your Crop insurance policy protect damage from chemical overspray?
- Does it protect damage from straying livestock?
- Does it cover your harvested crop whilst in storage or in transit?
- Does it provide cover for agistment and livestock transport when standing straw is damaged by fire?
CGU Crop insurance delivers all of these.
CGU’s Crop policy also provides a reducing excess. This is a fantastic benefit and a great risk management tool –the excess gradually reduces. Depending on the level of excess selected, once the loss exceeds a certain percentage of the Insured paddock the excess reduces to nil.
CGU Crop insurance also provides extra harvest allowance, which means more money in your pocket. For example, if your crop suffers 90 per cent damage, CGU will pay you 100 per cent – no strings attached.
Crop insurance policies are not all the same. The CGU Crop policy includes unique features that can mean more dollars in your pocket after a claim.
So speak to your insurance adviser today about insuring your crop with CGU.
Download the CGU Crop insurance brochure