Crops

The harvest of following crops can be insured:

• orchards, vegetable, rose and mulberry gardens
• vineyards, strawberries, raspberries, rose hips, blackcurrants, hops, blackberries
  
• orchard nurseries, seedlings, nursery rows, seedbeds, tree seed nurseries
  
• medicinal plants
  
• flowers for seed and sale and crops in greenhouses and hothouses
  
• Ornamental plants – trees, shrubs, gardens grown outdoors as tangible fixed assets
  Newly created perеnnial crops – fruit, strawberries, raspberries, blackberries, blackcurrants, roses, lavender, hops and vines.

Coverage:

Quantitative damages on the harvest due to:

• hail, storm, torrential rain, flood
• burning of roots
• late spring and early autumn frost
• winterkill and pulling of winter cereals
• damage from falling aircraft.
  

In case of insurance of ornamental plants and newly created permanent crops as tangible fixed assets damages shall be paid only in case of complete destruction of insured plants.
Covered risks are divided into groups. Choose the group that will ensure maximum protection of your investment in crops. You can also combine individual risks, i.e. include and exclude some perils.

• Group I – hail and storm

• Group II – hail, storm and burning of roots

• Group III – burning of roots, torrential rain, frost, flood and falling aircrafts.
  
• Group IV – hail, storm, burning of roots, torrential rain, frost, flood and falling aircrafts.

Rates and sums insured

Tariffs

The rates for the individual risk groups are calculated on the basis of long statistical observations and are divided into classes according to the geographical manifestation of the risks.

Sums insured

The sums insured under which the crops are insured are negotiated depending on their production capacity.

When concluding insurance contracts, discounts apply as follows:

• for payment of the premium in one installment;
• for volume of insured areas in decares;
  
• advance bonus and others that in total reach over 50% discount.
  
• предварителен бонус и други, които сумарно достигат над 50% отстъпка

There is a possibility for payment of the premium in several installments.

Insurer’s liability

The insurer’s liability starts depending on the type of crop:

• crops to be sown; potatoes; bulb flowers – from their germination
• perennial sown grasses (alfalfa, clover, sainfoin, etc.) – from the beginning of the vegetation in the second and subsequent years
• crops that are transplanted (vegetables, tobacco, flowers, etc.) – from the moment of transplanting them to a permanent place
  
• fruit trees – from shedding the blossom and visible formation of fruit
  
• rose gardens – from the moment of appearance of the flower buds
  
• vines – from the appearance of inflorescence
• strawberries, raspberries, blackberries and blackcurrants – from the moment of blooming
  
• nurseries, seedbeds and nursery rows – from the appearance of spring shoots.
  

Liability continues until the time of full harvest, but not later than the usual time for the specific area. For newly created permanent crops, it is annual.

Payment of indemnities

Upon occurrence of an insurance event, the insured notifies Allianz Bulgaria in writing within five days.

The payment of calculated indemnities is made within 14 days after completing the claim,  proving the ground and the amount of the indemnity due and after harvesting the respective crop.

 The following are insured:

• large horned animals – cattle and buffaloes
• equidae – horses, donkeys
  
• small horned animals – sheep, goats
  
• pigs, dogs, birds and beehives
  

Sums insured for the individual species of animals and birds are agreed by mutual consent.

Insurance coverages

Risks covered:

• fire
  
• natural catastrophe
  
• accident
• communicable and non-communicable diseases

The Insurer is liable for the risks of “fire”, “natural catastrophe” and “accident” from 00:00 on the day after the those on which the insurance premium was paid, and for diseases – after a 20-day quarantine period.

Insurance premium and term

Premium: The insurance premium for the individual species of animals and birds is calculated according to tariffs in accordance with risk statistics and long-term observations.

There is a possibility for payment of the premium in several installments.

Term: The maximum term of the insurance is 1 year.

Discounts

• advance bonus
• for payment of the premium in one installment;
• discounts according to the number of insured animals and birds
• for low claims ratio.

Payment of indemnities

Upon occurrence of an insurance event, the insured must immediately notify the veterinarian serving the animals, and on the first working day – Allianz Bulgaria.

Indemnity:

• Up to 100% of the agreed sum insured is paid in case of death of animals and birds from fire, natural catastrophe, accidents and communicable diseases.
  
• 40% of the sum insured for large and 30% - for small animals – sheep, goats, pigs, is paid in case of necessary slaughter.
  The payment of calculated indemnities is made within 14 days after completing the claim,  proving the ground and the amount of the indemnity due.