What is included in the special offer to farmers?
Answer:
The special offer to farmers is intended for agricultural machinery insurance. The special offer insurance policy covers:
1.1. machinery insurance against "all risks" (indemnity of loss caused by any external damage)
1.2. accident insurance (death, disability, and bone fracture cases) of machinery operator (without additional premium)
1.3. in the case of insurance of a tractor, combine harvester or other agricultural mechanically propelled vehicle, the policy covers, at the customer’s choice, any trailed and hanging equipment such as ploughs, cultivators, sprayers, fertilizer spreaders, daily-use trailers, harrows, rakes, roll wrappers and other equipment, of value up to LVL 10 000 (or the equivalent of EUR 15 000), without additional premium;
1.4. in the case of insurance of a tractor with a trailer, or a combine harvester, the policy includes, at no additional premium, insurance of agricultural products or raw materials of value up to LVL 5,000, during transportation thereof. In this case, there are compensated losses caused to the products being transported in the result of a traffic accident where the transporting vehicle is involved, or in the result of theft / robbery , or a fire that has damaged the products;
1.5. insurance will apply during the use of the machinery and when this machinery will participate in road traffic as a road user as well as in the case of transportation of this machinery;
1.6. insurance payment is divided in two or four installments without any extra charge; but if the premium is paid in a single payment an additional discount of 10% shall be applied;
1.7. if you purchase this insurance, the mandatory third party motor insurance (MTPL) for tractor trailers will cost just LVL 1.
What kind of machinery may be insured?
Answer: This insurance applies to almost all types of agricultural and forestry machinery - tractors, trailers and combines, ploughs, seeders, sprayers, harvesters, forwarders and other similar machines, age of which do not exceed 10 years.
Is it possible to insure machinery, age of which is over 10 years?
Answer: It is possible to insure machinery, which is 10 years old or older, but in the case of occurrence of a loss (when calculating the indemnity), depreciation of the machinery will be taken into account. This means that the indemnity will be reduced proportionally to depreciation of the machinery.
How many machinery units – one or more- - are covered by the provision of free of charge inclusion of trailed and hanging additional equipment of value up to
Answer: The policy, without any additional charge, includes additional equipment of the machinery provided that the value of one unit or total value of several units does not exceed
What can be done if the customer wants to insure additional equipment and if the value of one or several units exceeds LVL 10 000?
Answer: In this case it is necessary to enlist all the units of the equipment to be insured. This equipment will be included in the policy in full. Equipment of value up to LVL 10 000 will be included in the policy free of charge, but for the remaining equipment, the value of which is over
Against what risks the agricultural machinery may be insured?
Answer: Agricultural machinery insurance is the so-called "all risk" policy, designed to compensate for any sudden and unpredictable external damage caused by fire, natural disasters, vehicle turnover, sinking, falling of various objects (trees, poles), theft, burglary, vandalism and even other reasons.
What is covered by the machinery operator accident insurance?
Answer: Machinery operator at work (when he/she works with the machinery) is insured against death, disability or injury. The applicable sum insured:
-
death
- LVL 4000; -
disability
- LVL 4000; -
fractures / injury
- LVL 2000.
What is the insurance amount of machinery?
Answer: New machinery is insured on the basis of purchase value of the same (new) machinery, including all taxes. Used machinery is insured according to the market value of the same or functionally equivalent machinery of similar designation and of similar brand name, model and parameters that might be purchased in the free market.
What about territorial coverage of the policy? (Where and when the policy is valid?)
Answer: The insurance policy is in effect throughout the territory of Latvia at the time when the machinery is being operated, outside normal working hours, as well as when the machinery is transported on trailer or when the machinery moves itself (as a traffic participant) along public roads.
What is necessary if I wish to purchase the MTPL for machinery trailers for LVL 1 as it is mentioned in the special offer?
Answer: The special offer MTPL price of
What is necessary if I wish to purchase the agricultural machinery insurance policy?
Answer: To prepare an offer/issue the policy, “Seesam
Where in regions (outside
Answer: It may be done in all representative office of “Seesam
Is it possible to purchase the machinery insurance policy without arriving personally to an office of “Seesam
Answer: Yes! The policy may be purchased also without arriving personally to an office of “Seesam
The data required for the offer and the policy may be delivered to the specialist of “Seesam
What is the cost of a machinery insurance policy?
Answer: The policy price is calculated in each case individually, taking into account several criteria, such as machinery use, depending on the type of machinery, number of units of machinery, etc.
Is this policy suitable for presentation to a bank/leasing company?
Answer: Yes. This policy is fully consistent with the bank / leasing company requirements and may be submitted as a pledge object insurance policy.
Prior to issue of the policy, the customer must inform the insurer about the creditor/leasing issuer to be included in the policy data.
I want to insure tractors, but I do not need the accident and additional equipment insurance included in the policy. Is it possible to refuse from this additional cover in order to reduce the insurance premium payable?
Answer: No. A customer may not use the accident insurance included in the policy and may not insure the additional equipment, for example, in the case when he has no additional equipment, but the policy price will not be changed (reduced) due to this reason.
I would like to insure also agricultural buildings and products. Is this policy suitable for this purpose?
Answer: No. This is only a machinery insurance policy. To insure the buildings, products and other property a property insurance policy shall be issued. "Seesam
What about the period of validity of a machinery insurance policy?
Answer: Machinery insurance policy is usually issued for a 12 months period, however, insurance may be taken out also for a shorter (minimum period is three months) or longer period of time. In the premium calculation one takes into account also the active operation period of machinery; for example, in the case of a combine harvester it will be approximately four months per year as well as an idle period.
