Millions paid out in SureSeasons 2017 Multi-peril Crop Insurance program

By: "Farm Tender" News
Cattle News
Feb 19, 2018
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Many broadacre wintercrop growers Farming for Profit have successfully covered their desired “Your Choice” Revenue with SureSeason.

Director Darryl McCrae say’s SureSeason value proposition shows Australian agriculture industry that we are ‘Best in Class’

Lloyd’s of London providing SureSeason and Australian growers the piece of mind of farming with confidence, reduced stress and supporting all businesses involved in their farm business year on year no matter what the year delivers….

See here some of the case studies

Case Study 1

We looked at the SureSeason MPCI last year and decided to provide our information and get a quote. We found SureSeason staff very supportive and they were able to answer all our questions. We decided on covering 50% of our expected revenue and were surprised with the premium, it was lower than we expected. We will consider increasing the coverage this year and taking some of the first risk. We like the flexibility available to us.

MID NORTH SA

Premium $ 27,800.00

Peril: Water Stress, Frost

Claim $ 237,000

Case Study 2

The SureSeason operatives spend considerable time with us, to make sure we fully understood the options to protect our revenue. We found the application process to be not that difficult, with NO financials needed and simple and quick turnaround time from application to quote. When SureSeason advised that they could offer us quotes for protection we paid the $4,000 application fee. SureSeason provided us with 4 options of cover to choose from and also provided us with all the information to apply for the Federal Government grant of $2000.

ESPERANCE WA

Premium $ 351,000.00

Peril: Excessive Wind, Frost

Claim $ 780,000.00

Case Study 3

Over the past 5 years we have significantly grown our farming business, purchasing and leasing more farming land. Due to this we also have upgraded our machinery. Our aim is to make our business more sustainable to enable our children to continue to farm into the future. With this in mind we decided to take out the SureSeason Revenue MPCI to protect our overall risk. We were able to select the level of revenue protection that we wanted and were pleased with the options of cover available to us. A great feeling throughout the year, knowing that we had our Revenue position protected against the weather.

WIMMERA, VIC

Premium $ 176,111.02

Peril: Insect and Pest Manifestation, Frost

Claim $ 352,000.00

Case Study 4

The stress levels on our family have dropped significantly since we took out MCPI last year. For the first time we knew that we had our Revenue covered to ensure we can cover costs and farm again next year. We hope that MPCI is here for the long term as that means we can use this to continue farming into the future. Simple application process which we had great support and education from SureSeason.

SOUTHERN NSW

Premium $ 10,700.00

Peril: Water Stress, Heat Stress, Frost

Claim $ 101,000

Case Study 5

After a good start we have had the driest late winter/spring in many years. Our SureSeason policy gave us the peace of mind that we had protection up to the revenue number we decided to cover. Through this period, the SureSeason team were very supportive and assisted the claims process. We recognised that our stress levels were far less than our neighbors that did not have SureSeason Revenue MPCI. The season finished worse than expected. Without the SureSeason revenue protection it would be difficult to farm again in 2018 year.

CENTRAL WEST NSW

Premium $ 149,000.00

Peril: Water Stress, Heat Stress, Frost

Claim $ 1,226,900.00

Case Study 6

We investigated Multi-Peril Crop Insurance to ensure we can cover our farming costs year on year. The past 2 years have been difficult due to dry conditions, where we were not able to cover our costs due to poor yields. We decided on the SureSeason Revenue based Multi-Peril offering as we found the program easy to understand and liked the flexibility of coverage available. The application process was simple and we appreciated the help from the SureSeason operatives.

CENTRAL TABLELANDS, TAS

Premium $ 7,100

Peril: Water Stress, Plant Disease, Hail

Claim $ 29,400

Starting renewal application for 2018.

http://www.sureseason.com.au/