AFG Plantation Insurance Scheme
Protecting your Investment
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.
In such a climate, choosing a forest insurer can be risky, unless a grower is choosing a well-established scheme with a reputable underwriter of longstanding.
Australian Forest Growers Plantation Insurance Scheme is operated on behalf of AFG by endorsed brokers in Australia, who arrange for the Scheme to be underwritten by Lloyds of London.
Lloyds of London has underwritten the Australian Forest Growers Plantation Insurance Scheme since it was established in 1984. During that time, although premium rates have moved with the market, the capacity of the underwriters has always been secure. AFG members who have insured continuously with the Scheme have enjoyed substantial discounts below the rates available ill the general market.
With the AFG Plantation Insurance Scheme, if there's a catastrophic loss (such as bushfire damage), you can be sure that your claims will be paid, and that insurance will still be available next season at a competitive rate.
The AFG Plantation Insurance Scheme gives you security and confidence, at affordable rates, year after year!