Multi-perils Crop Insurance Policy

This policy covers the loss of or damage to crops during the physiological stage caused by flood, fire, windstorm, diseases and pests, lightning, explosion, and drought. Claims are settled based on the extent of loss compared to the cost of production or production shortage from the guaranteed amount.

Livestock Insurance Policy

It covers all domestic and farm animals against mortality resulting from diseases, fire, flood, accidents, lightning, and windstorm. The sum insured is the maximum market value of the animal within the insurance period, and claims are paid based on the market value or pre-agreed value at the time of death. Transit Extension and African Swine Fever Extension are possible with an additional premium.

Poultry Farm Insurance Policy

This policy covers all commercial birds against mortality due to preventable diseases, fire, flood, windstorm, lightning, and accidents. The insured value is advised to be the maximum possible value of the birds within the insurance period (e.g., layers at the point of lay and broilers at table size). Claims are settled based on the value of the birds at the time of death. Avian Influenza extension is possible with an additional premium.

Fishery and Fish Farm Insurance Policy

The policy covers the mortality of fish due to flood, diseases, fire, windstorm, accidents, and lightning. Typically, fish farms in Nigeria are offshore, and the sum insured is determined by the value of the fish at table size. Claims are settled based on the value at the time of loss.

The policy can be extended to cover pond collapse with an additional premium.

Farm Properties and Produce Insurance Policy

This policy protects the farm owner/policyholder against financial loss or damage to their farm buildings, machinery, and equipment arising from fire, lightning, windstorm, floods, aerial devices/aircraft, burglary, impact, earthquake/volcanic eruption, and malicious damage perils. The sum insured is generally based on either the value of the produce at risk or the real value of the equipment in the market.