Hail Insurance on Rape- Worth Doing Or Not?

Nigel Wellings

Member
My guess is that premium rates in,US,Canada and France are more accurately linked to level of risk as a much bigger proportion of the crop is insured against hail in these countries. Used to get an EU sub in France that paid about 40% of the cost. Is the Canadian scheme govt sponsored at all?
 

Nigel Wellings

Member
We haven’t taken out hail insurance in the past but with OSR values at £1000+ per acre for harvest we thought we would enquire. I don’t think we are in a high risk area. I don’t know anyone locally who has lost Rape to hail.
I have dealt with half a dozen hail claims in Lincs I can think of in last 20 years or so. I also know of one major Lincs loss on a big rape acreage that was not insured about a decade ago.
 

Flatlander

Member
Arable Farmer
Location
Lorette Manitoba
My guess is that premium rates in,US,Canada and France are more accurately linked to level of risk as a much bigger proportion of the crop is insured against hail in these countries. Used to get an EU sub in France that paid about 40% of the cost. Is the Canadian scheme govt sponsored at all?
Crop insurance is subsidized by the government but at a low ish rate. More for elections I think.
 

curlietailz

Member
Arable Farmer
Location
Sedgefield
I
Sounds strong compared to @curlietailz and the quotes I have seen over last few weeks. There is an element of the rating based on postcode,problem could be that if somebody in that postcode area has had large loss in last few years that could affect pricing.

We’ve never had a hail claim before
And it’s through our usual insurer
And we have that “loyalty” bonus thing ?
And it works out about £13/acre
 

bobk

Member
Location
stafford
Got asked couple of years ago could we provide cover against flea beetle damage for one of the seed companies. Insurers pretty quickly said NO on that one. Fairly certain response would be the same re pigeon damage
Can underwriters tell the difference between pigeon and hail damage .
 

Nigel Wellings

Member
Can underwriters tell the difference between pigeon and hail damage .
Underwriters probably wouldnt recognise diffence but it doesnt exactly take a rocket scientist at harvest time to tell the difference- they generally use Agronomists to calculate the loss at harvest time , plus always check local weather records to confirm there has been a storm in the area
 

Sprog

Member
Location
South Shropshire
Our business interruption insurance lists “storm and flood” amongst other events as giving us cover for. Would this not surely include a hail storm?
Apparently not and need specific hail insurance cover which would be £1100 for £100,000 cover. Does this seem about right?
 

Nigel Wellings

Member
Our business interruption insurance lists “storm and flood” amongst other events as giving us cover for. Would this not surely include a hail storm?
Apparently not and need specific hail insurance cover which would be £1100 for £100,000 cover. Does this seem about right?
Your premium is spot on and you are quite right ,storm and flood cover does not include hail damage. Hail damage is a separate specific cover. Hail cover does not include damage from wind, rain etc.
 

4course

Member
Location
north yorks
Your premium is spot on and you are quite right ,storm and flood cover does not include hail damage. Hail damage is a separate specific cover. Hail cover does not include damage from wind, rain etc.
weve taken hail cover for the first time ever due to the potential value of the crop and ive talked it through with the lads and have said to them in spite of my dislike of folk taking photos at work if you see a black sky and little white balls get the photo
 

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Red Tractor drops launch of green farming scheme amid anger from farmers

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As reported in Independent


quote: “Red Tractor has confirmed it is dropping plans to launch its green farming assurance standard in April“

read the TFF thread here: https://thefarmingforum.co.uk/index.php?threads/gfc-was-to-go-ahead-now-not-going-ahead.405234/
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