Safe Agricultural Production for Outdoors Plant Production

Piraeus Bank proposes the Safe Agricultural Production for Outdoors Plant Production plan, created by ATE Insurance, member of the ERGO insurance group and addressed to professional farmers, Agricultural Cooperatives, producers’ groups and Food and Agricultural Products Companies.

TYPE OF COMPENSATION
/ BENEFITS
  • Damage caused directly to outdoors farming is insured.
  • It is supplementary to the coverage by the Hellenic Agricultural Insurance Organization (HAIO).
  • It covers the quantity damage to the insured product.
  • The coverage rate amounts (together with HAIO) to 85% of the damage.
TERM
The insurance period begins on 1 April of every year and expires on 31 December, whereas inclusion of insured products to the plan may take place until and including 31 August.
OTHER FEATURES

Conditions:

  • Submission of an Insurance Certificate by HAIO.
  • Insurance in the plan of the entire outdoors plant production of the insured person

Points of Coverage*

The Insurance Risks covered by the Safe Agricultural Production for Outdoors Plant Production are:

  • Natural risks (cause of damage) covered by the HAIO insurance
  • Damage by wild animals covered by the HAIO insurance
  • Fire
  • Loss of life of the insured person by accident

*A detailed description of coverage, conditions and exemptions can be found in the general and special terms of the insurance policy, which are available at any branch.

Compensation

  • The loss of plant production, which was expected to be harvested per parcel of land or the quality degradation thereof due to the impact of insured causes of damage, as a result of which the objectively expected producers’ income is reduced is considered damage.
  • Insurance coverage commences 7 days after the insurance plan becomes effective, in respect of risks covered by HAIO, and 24 hours after the insurance plan becomes effective, in respect of the fire risk.
  • Compensation depends on HAIO findings and is in accordance with the existing method of calculation.
  • ATE Insurance, member of the ERGO insurance group guarantees that, along with HAIO, the compensation will amount to 85% of the total damage.
  • Compensation is paid following finalization of the latest damage incurred before harvest.

How to get insured

In order to get information for the Safe Agricultural Production for Outdoors Plant Production plan and submit your application, you can:

  • Visit any Piraeus Bank branch

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