Thursday 29th Jun 2017

AFG Plantation Insurance Scheme

Protecting your Investment

AFG-Insurance

Plantation trees are valuable, and become more so over their lifetime. Recognising this, most private forest growers insure their trees against fire, windstorm and other selected perils.

Forest insurance is a specialised service offered by only a few insurers. The insurance market is cyclical. When there is surplus underwriting capacity, insurance is easy, to obtain and rates fall. At other times, insurers withdraw capacity, and premiums rise. The effects of this market cycle can be exaggerated by the fact of there being so few insurers.

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Features of the Scheme

Coverage

A plantation can be insured for total and partial loss as a result of fire, lightning, windstorm (cyclone) and aircraft damage. The Lloyds of London forestry policy is not subject to co-insurance average which means that if the value of the property insured exceeds the sum insured, then you would be required to contribute proportionally to each and every loss.

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Insurance Contact Information

For more information about insurance, contact the endorsed broker for the AFG Scheme in your State:

In New South Wales and Australian Capital Territory

Michael Burns
Corverforce
1300 503 503
Phone:(02) 9376 7826
Send email

In Victoria, Queensland, South Australia, Tasmania and Western Australia

Stuart Sharp
Jardine Lloyd Thompson Pty Ltd
Level 8, 570 Bourke Street
MELBOURNE VIC 3000
Phone: (03) 9613 1415 Mbl: 0488 113 835 Fax:(03) 9614 3600

Send email

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