OREANDA-NEWS. January 28, 2011. ROSNO‘s Nizhny Novgorod branch has concluded a crop insurance contract for over 62 mln. roubles with one of the region’s large agricultural firms, reported the press-centre of ROSNO.

Under the concluded contract, ROSNO’s insurance protection covers the spring wheat crop at the area of 4,167 ha.

The contractual insured accident embodies any losses resulting from crop shortage, or full or partial crop loss. The insurance coverage includes the risks of loss or shortage of spring wheat arising from natural phenomena threatening agricultural products, such as freeze, avalanche, drought, snowmelt flood, hail, earthquake, as well as fire, blight and unlawful third-party actions.
The contractual insurance amount is 62,269,650 roubles. The contract has been concluded for one year.