Agriculture plays a significant role in a nation’s economy. Adverse conditions like erratic rainfall, pest attack, and humidity are a common problem impacting crop and livestock. Hence it becomes important to protect them with a cover of agriculture insurance. By protecting the yield and yield-based losses, agriculture insurance helps reduce farmers’ distress and promotes their wellness.
Alliance agriculture insurance offers all-round protection with coverage of farm, crop, and livestock. It is a comprehensive insurance coverage that is tailor-made to provide end-to-end property and farm protection by covering liabilities and losses. Read the entire blog to know more about the all-new Alliance agriculture insurance!
What is Agriculture Insurance?
Agriculture insurance is a policy that offers protection against agricultural loss and damage for a particular period of time. The insured (farmer) pays a little sum amount of premium to the insurer in return of the coverage offered. Alliance agriculture insurance ensures that in case of loss, farmers can rest assured and gain value for the incurred loss. There are three main types of Agriculture Insurance. They are listed below. At Alliance we offer two of them: Crop and Lifestyle.
Types of Agriculture Insurance
- Farm Insurance
- Crop Insurance
- Livestock Insurance
Farm Insurance
Farm insurance covers all things on and around the farm including machinery, equipment, vehicles, stock and more. This insurance cover ensures that the farm and the farmer’s belongings therein stay protected from potential damages.
Crop Insurance
Crop insurance protects the crop from the potential damages and losses caused by adverse conditions including unfavourable weather, pest attacks, diseases and others. Having a crop insurance offers protection from uncertainties, unforeseen and natural conditions that are out of one’s control.
Livestock Insurance
Livestock insurance is a type of agriculture insurance that offers protection to agricultural livestock assets. Under this policy, cattle and other livestock is protected from risks of theft, disease, infertility, and mortality. Farmers can prevent the potential loss caused due to such conditions and gain value from the coverage.
What is Covered under Alliance Agriculture Insurance?
- Adverse weather conditions
- Insects and pests
- Diseases
- Fire
- Natural calamities
- Livestock
- Machinery and equipment
- Farm products
- Death or theft of livestock
- Plant and animal diseases
- Failure in water supply
- Damage to crop
Benefits of Agriculture Insurance
- Financial support to farmers
With the help of a comprehensive agriculture insurance policy, farmers can gain financial support against the premium paid. This insurance policy covers crop loss and damage caused to agricultural assets by unforeseen events.
- Farmer’s peace of mind
A comprehensive agriculture insurance that offers end-to-end coverage prevents farmers’ suffering, stress and hassle. They no longer have to take high interest loans from private lenders and can enjoy long-term peace of mind.
- Comprehensive all-risk coverage
Agriculture insurance offers a comprehensive end-to-end coverage of all risks included in the agricultural occupation. Alliance agriculture insurance covers farm, crop, and livestock from any damage or loss caused.
- Easy customization
Alliance agriculture insurance allows the insured to customize their policy as per their individual requirement. Farmers can select the type of policy based on their expectations, needs, and budget.
- Flexible policy
Agriculture insurance offered by Alliance includes flexible plans and policies for the policyholder to select from multiple options available. T way, the insured policyholder’s needs are catered to in an effective manner.
It becomes the farmer’s (insured) responsibility to inform the insurer in case of any damage caused to any of the covered perils. At Alliance, we properly understand the requirements of the client before finalizing the policy in order to cater to their exact needs. Avail your best comprehensive agriculture insurance from Alliance Insurance and enjoy the benefits of hassle-free agricultural protection!