Agricultural Insurance

• Reduction in crop quality, price fluctuations or losses after processing/storage.
• Risks, crops or areas not indicated in the policy.
• Damage caused by uninsured risks or by omitted agrotechnical works.
• Events occurring before cover starts or during the suspension period.
• Intentional acts, war, terrorism, radiation or nuclear/chemical contamination.

• Deductibles/compensation limits apply depending on the crop, risk and the time the event occurs.

On the territory of the Republic of Moldova, in the localities and plots confirmed by documents.

• When taking out the policy, correctly declare the crops, areas, plots, production history and all circumstances relevant to the risk.
• Comply with the agricultural technology, maintenance measures and legal rules applicable to the insured crops.
• When an event occurs, promptly notify the insurer and the competent authorities and take measures to limit the loss.
• Preserve evidence and submit the requested documents for loss assessment.

• The premium is calculated according to the insured sum, crop, risks and applicable tariffs.
• Non-payment may lead to suspension of cover or termination of the contract.

• The contract is concluded for one agricultural year.
• Cover starts at 00:00 on the day following payment of the premium or first instalment, but not before the date stated in the policy.
• Cover ends upon completion of harvesting, on the date stated in the policy or upon exhaustion of the insured sum through claims.

The contract may be terminated by agreement of the parties or unilaterally for non-performance of obligations, by written notice sent 30 days in advance. Upon termination, the premium for the unused period is refunded according to the contract, while any subsidised part is returned to the paying institution in accordance with the law and the contract.