- Stubble fire: It compensates the decrease of next crop to be sowed due to the fire of stubbles.
In case of incident compensation shall be 20% of insured sum. Basic requirement: 3 years of consecutive direct sowing.
- Resowing by soil crusting: For the period between the sowing and crop emerging and when due to excessive rainfall causing soil compaction or crusting, farmer decides to resow, compensation will be of up to 10% of insured sum for hailstone, leaving the resowed crop protected for the remaining 90%.
Crops: Soy, Sunflower, Corn and Sorghum. - Resowing 50%
- Resowing 100%
- Late frosts for winter crops: it covers crops of wheat, birdseed, oat, barley, rye and flax up to the same insured sum covered by hailstone when, as a consequence of temperatures the same or lower than the water freezing point, there shall be grain deformity during filling and infertility in reproductive organs. It also covers direct damages (loss of weight in grains) which may affect the insured fields, excluding any deterioration that affects the product quality.
Waiting period of 10 days between the purchasing of coverage and the happening of event.
- Frosts for summer crops: it covers crops of corn, sunflower, sorghum and soy exclusively when, as a consequence of temperatures the same or lower than the water freezing point, there shall be death of plants, malformation of grain during filling and infertility in flowering period. It also covers direct damages (loss of weight in grains) which may affect the insured plot, excluding any deterioration that affects the product quality.
After the germination of crops and if there is an acceptable density of healthy plants, and as long as they have not reached the development level indicated in the beginning of coverage, the insurance company shall grant resowing coverage.
Once the development levels indicated in the beginning of coverage (crop under full cover) are exceeded, damages caused by frosts will be assessed, applying that damage percentage to the insured sum and discounting the selected deductible.
- Low temperatures for summer crops: crops of corn, sunflower, sorghum and soy are covered when, as a consequence of temperatures the same or lower than 5 C degrees, that do not reach water freezing point, there shall be death of plants, malformation of grain during filling and infertility in flowering period. In the same direct damages (loss of weight in grains) which may affect the insured plot are covered, excluding any damage that affects the product quality.
After the germination of crops and if there is an acceptable density of healthy plants, and as long as they have not reached the development level indicated in the beginning of coverage, the insurance company shall grant resowing coverage.Once the development levels are exceeded, damages caused by low temperatures will be assessed, applying that damage percentage to the insured sum and discounting the selected deductible in the coverage of frosts.
- Wind: this coverage applies to crops of wheat, oat, barley, rye, birdseed, flax, sunflower, soy and sorghum up to the same insured sum covered by hailstone as a consequence of winds exceeding 60 kilometers. Damages covered in a separated or joint way are: lodging or leaning, stalk or trunk breakage, uprooting and fruit fall.
It is expressly excluded any damage caused by the following reasons:
- Damages caused to plants due to soil particles spread by the wind or damaged caused due to uprooting or plant wrap due to soil movement by wind erosion.
- Damages caused by flooding.
- Crops physiological problems which cause the leaning of plants.
- Leanings caused by nutritional unbalance.
- Lodging or leaning caused by faulty application of agrochemicals, in not recommended dose or due to herbicides.
- Leaning produced by delays on harvest when the crop is on its commercial maturity.
- Crops affected by plagues or illness of plants.
It is established a waiting period of 10 days between the purchasing of coverage and the happening of event.This coverage shall enter into effect when the affected surface exceeds 6 hectares by establishment and it has different deductible options:
- Wind in resowing stage: there must have at least 3 consecutive years of direct sowing, and it shall be granted as additional option in the policies of hailstone for corn, sorghum, sunflower and soy exclusively.
After the germination of crops and if there is an acceptable density of healthy plants, and as long as they have not reached the development level indicated in the beginning of coverage, the insurance company shall grant resowing coverage, which shall compensate an unique value exclusively when the farmer carries out resowing due to damages produced by the wind event, in the following way:
- Additional coverage for inability to mechanically harvest due to lack of soil: It covers loss of crops as a consequence of excessive rainfall that turn the insured plot impassable for harvesting machines and that delays harvest.
There shall not be covered all those looses produced for the delay of harvest due to other causes different than the one expressed in the previous paragraph such as: problems with accesses, lack of available machinery, lost of commercial quality, etc.
The insured person shall communicate reliably the inability to harvest before the end of policy term.
There shall only be covered fields with soils class I, II, III and IV according to the Land Capability Classification of the Soil Conservation Service (U.S.D.A).
This coverage option imposes to the insured, under penalty of forfeiture, that he/she shall carry out the harvest once the soil presents the minimum consistency that allows the access of machinery so that they carry out the harvesting. In the same way, prove is left that compensation shall only be applied when damage exceeds a minimum of six (6) affected hectares by establishment.
The compensation percentage shall depend on the delay days on harvest produced by excessive rainfall, according to the following chart:
Compensation percentage according to the days of harvesting inability due to lack of soil:
Small Grains:- Less than 40 days: No compensation
- 40-60 days: Compensates 10 % of insured sum for hailstone
- More than 60 days: Compensates 50 % of insured sum for hailstone
Sunflower:- Less than 30 days: No compensation
- 30-45 days: Compensates 10 % of insured sum for hailstone
- More than 45 days: Compensates 50 % of insured sum for hailstone
Soy:- Less than 40 days: No compensation
- 40-60 days: Compensates 10 % of insured sum for hailstone
- More than 60 days: Compensates 50 % of insured sum for hailstone
Corn and sorghum:- Less than 60 days: No compensation
- 60-90 days: Compensates 10 % of insured sum for hailstone
- More than 90 days: Compensates 50 % of insured sum for hailstone
- Total loss: It shall be considered total loss when, due to one or more events of hailstone, assessable damage all together for the whole property exceeds the level selected by the Insured. Purchasing is optional.
There are established different levels of total damage:
- 90% of damage: when assessable damage in the property exceeds 90%, compensation will be of 100% of insured sum, applying the deductible, if appropriate. There shall be applied an extra premium of 20% applied over the insured sum.
- 85% of damage: when assessable damage in the property exceeds 85%, compensation will be of 100% of insured sum, applying the deductible, if appropriate. There shall be applied an extra premium of 25% applied over the insured sum.
The additional for Total loss is only activated during the full cover stage.
- Price Guarantee in case of incident: It guarantees a minimum value for hundredweight at the moment of compensation payment. This guaranteed value shall be established when purchasing the coverage according to a report provided by Sancor Seguros. This shall be operative exclusively for policies purchased in hundredweights currency (moneda quintales).
If Forward market value at the moment of the payment of compensation is under the insured sum, the sinister is payed at the insured value. In case value market is over insured value, it is payed at the Forward market value. That is to say that, by this coverage option you are protected against downs, guaranteeing a base to the compensating value and it does not have a maximum value if market continues to rise.