Insures Container and Field-grown Nursery Plants

for Wholesale Nursery

Covered Perils

• Adverse weather conditions (wind, hail, flood, excess rain), and freeze or cold if required winterization protection measures are utilized
• Fire (provided weeds and undergrowth are controlled)
• Wildlife
• Failure of the irrigation or power supply due to an insured cause of loss
• Delay in maturity of plants, if delay is due to an insured cause of loss
• Disease or insect infestation (if no effective control exists)
• Earthquake or Volcanic Eruption

Amount of Insurance

• The amount of insurable inventory is determined by the Grower, based on reported sizes and quantities, calculated in the Database Nursery Software that we provide.
• Reported inventory values must be substantiated by purchase and sales receipts at loss time, within a 10% threshold to avoid cancellation of coverage.  See your agent for details.
• The amount of insurance is determined by multiplying the value of the insurable inventory by the selected coverage level times the price election.

Coverage

• Available coverage levels are CATastrophic (50% deductible, 55% price election), and Buy-up at 50%, 55%, 60%, 65%, 70%, or 75% levels, each with 100% price election.
• 12 Plant Types exist for Field Grown and 15 Plant types for Container Grown.  Each can be insured at different coverage levels when buy-up coverage is purchased.
• Coverage attaches 30 days after your agent receives all necessary documentation.

Insurable Types

• Deciduous Trees
• Coniferous Evergreen Trees
• Coniferous Evergreen Shrubs
• Ground Cover and Vines
• Annuals (container)
• Broadleaf Evergreen Trees
• Broadleaf Evergreen Shrubs
• Small Fruits
• Foliage
• Herbaceous Perennials (container)
• Fruit & Nut Trees
• Deciduous Shrubs
• Roses
• Palms & Cycads
• Liners (5/8" to <3")

Endorsements  (Available with buy-up coverage only)

     Peak Inventory Endorsement:

• Recommended for nurseries with large seasonal changes in plant inventory.  Specific period additional coverage is available and premium is based on this period and amount of desired coverage.

     Rehabilitation Endorsement:

• This endorsement provides supplemental payment to cover some rehabilitation costs, but is limited to expenditures for labor and materials due to a covered peril for field-grown material only.

     Grower's Price Endorsement:

• Permits you to increase inventory values on your Plant Inventory Value Report to an upgraded plant price above the Datascape Plant Price Schedule.