At Hemp Insure, we can provide cover for a variety of weather conditions
Perils covered
Rather than buying a single annual policy, clients frequently buy multiple policies for the same peril for different parts of a crop’s grow cycle, e.g. too wet at planting and too wet at harvest. In this way, insurance cost is reduced by focusing on the parts of the year when a particular peril is of concern and eliminates paying for redundant insurance.
  • Wind
    • Protects farms for sustained wind speeds above a pre-agreed level.
    • Payouts increase on a linear basis between the Trigger Point speed and the Exit Point speed at which a total loss is paid out.
    • No dedicated equipment needs installing.
  • Hail
    • Protects farms against hail damage.
    • Payouts based on size and intensity of recorded hail.
    • Dedicated sensors installed at insured farm.
  • Too hot
    • Protects farms experiencing high temperatures on a pre-determined number of days across a policy period.
    • Trigger Point set at a percentage above historical average.
    • Payouts increase on a linear basis between the Trigger Point temperature and the Exit Point temperature at which a total loss is paid out.
    • No dedicated equipment needs installing.
  • Too cold
    • Protects farms experiencing low temperatures below a pre-determined level.
    • Protection typically bought as protection against early freeze.
    • Payouts increase on a linear basis between the Trigger Point temperature and the Exit Point temperature at which a total loss is paid out.
    • No dedicated equipment needs installing.
  • Too wet
    • Protects farms experiencing excessive precipitation.
    • Trigger Point set at a percentage above historical average.
    • Payouts increase on a linear basis between the Trigger Point rainfall and the Exit Point rainfall at which a total loss paid out.
    • No dedicated equipment needs installing.
  • Too dry
    Protects farms experiencing drought.
    Trigger Point set at a percentage below historical average.
    Payouts increase on a linear basis between the Trigger Point rainfall and the Exit Point rainfall at which a total loss paid out.
    No dedicated equipment needs installing.