30 Aug Broadacre Crop Insurance Explained
Broadacre policies cover a loss of revenue as a result of yield loss from a direct consequence of Hail or Fire. With two types of policies available, it is important that you choose the right one for your needs. The two policy types are:
- Pre harvest declaration policy
- Post harvest declaration policy
There are a number of options and additional benefits available to you:
- Replant subsidy following hail within the replant period
- Harvested grain in storage and/or transit
- Baled hay in storage or transit
- Chemical overspray
- Straying livestock
- Fire mitigation expenses
The rate for your crop will depend on a number of factors such as the property location, type of cover, selected options and excess.
There are a number of Broadacre insurers, each with slightly different policies, features and benefits so it’s important that Red Star Insurance Brokers do the shopping around for you to make sure you get the best rate.
Call us now on 1300 799 242 for a quote or to discuss your broadacre crop insurance requirements.