This insurance covers loss or damage to coffee plantation by: fire and lightning, storm, tempest and flood, hail and frost, uncontrollable disease and pests and excessive rainfall.
Property to be insured: Coffee plantation at petal falling stage
Policy commencement time: Cover of coffee plantation insurance commences after petal falling stage and expires once the coffee is harvested.
Sum Insured: the sum insured shall be the total of all amounts calculated as the planted area multiplied by the yield in tones per hectare and the agreed value per tone.
Commercial growers having coffee plantation insurance policy can easily access bank loan as creditors use it as collateral for the credits to be extended.