OREANDA-NEWS. June 17, 2010. the Tula Region. The insured item is the future harvest of potatoes on the total area of 270 ha. The insured amount is 15.1 mln rubles.

Pursuant to the terms of the contract, the future harvest has been insured against failure or partial loss due to the impact of natural phenomena which may cause peril to the farming industry: hail, combination of high snow cover and limited soil freezing, leading to drowning of winter crops, low air temperature and absence of snow cover, or snow cover lower than 5 cm, leading to frost-killing of winter crops, frosts, hurricane, heavy dust or sand storm, very strong wind, soil overwetting, lengthy heavy rain, heavy showers, flood, spring flood, lengthy meltwater stagnation.

The insured property is pledged to Rosselkhozbank to secure a loan.

Ingosstrakh’s Tula branch has been cooperating with Zarechie Farm Holding in the field of agroindustrial insurance since 2005. During this time, harvest, agricultural equipment and means of transport were insured. In December 2009 Ingosstrakh paid to the farm holding an indemnity amounting to 1.9 mln rubles as a result of the occurrence of an insured event caused by drought.