Cover for your plantation, including trees you’ve harvested but haven’t transported yet.
Cover for sudden and unforeseen loss to your plantation caused by:
Cover for your trees aged ten years and over for loss caused by a windstorm. Cover is for up to 50% of the amount shown on your certificate for each block, to a maximum of $1,500,000, for all events during the insurance period.
If your entire plantation is destroyed we’ll pay the value you agreed to when taking out your policy, this is shown on your insurance certificate.
If part of your plantation is destroyed we’ll take the sum insured for that block and pay a proportion that matches the area of the destroyed trees.
Condition of Average applies to partial losses that are underinsured and any salvage revenue will also be taken off the final settlement amount.