Be sure to have insurance cover for your trees
Posted 23 September 2021
Plantation trees are valuable and become more so over their lifetime, there are however, a number of challenges facing the Plantation Insurance market at the moment with the majority of underwriters advising they are no longer offering this type of insurance.
There is now only one underwriter in the Australian market accepting policies on a stand-alone basis.
The IFA/AFG have been working to identify a way forward and have engaged an expert in Plantation Insurance to assist their members with choice and a competitive market to ensure premiums are kept affordable.
PSC Insurance Brokers of Western Australia have been appointed as an IFA partner.
PSC have extensive experience in Plantation Insurance cover and have been able to identify a short-term solution in 2021 for IFA/AFG members with Rural Affinity Insurance Agency Pty Ltd.
Rural Affinity Insurance Agency Pty Ltd is an underwriting agent arranging policies for and on behalf of the insurer.
PSC have the required relationships with the London underwriting markets which will enable them to work on alternative insurance solutions for future years.
The IFA website provides additional information and the relevant forms for you to obtain a quote for your Plantation Insurance needs.
Visit the IFA Website for additional information.