News

Hail insurance urged for Okanagan fruit growers

The B.C. government is recommending Okanagan tree fruit  growers include insurance for hail damage in their 2014 risk  management plans.

Spring and summer hail storms occur regularly in the Okanagan, but  the exact timing and potential areas impacted are unpredictable.

To help mitigate their risk, all commercial tree fruit growers can buy hail insurance with the option of increasing their coverage  throughout the year. Like any insurance policy, coverage cannot be  purchased or adjusted retroactively.

The federal and provincial subsidize the premium of each hail insurance policy in the province.

A sample policy with  80 per cent coverage for an apple crop worth $100,000 would result in $7,200  in producer premiums, with the governments contributing a roughly  equal amount. Though coverage for up to 100 per cent of a crop is available,  many growers choose to purchase 80 per cent coverage as an appropriate level.

Payments to insured tree fruit growers following 2013 hail storms in  the Okanagan totalled about $10 million, about half of what was  initially estimated, but higher than average years.

The Ministry of Agriculture developed and distributes a guide to tree fruit growers that specifically outlines hail insurance coverage and  the different options for them to consider at www.agf.gov.bc.ca/production_insurance/plans/treefruit/tf_hail_guide.pdf

More information about crop and hail insurance for tree fruit growers is at www.agf.gov.bc.ca/production_insurance/tree_fruits.htm

 

We encourage an open exchange of ideas on this story's topic, but we ask you to follow our guidelines for respecting community standards. Personal attacks, inappropriate language, and off-topic comments may be removed, and comment privileges revoked, per our Terms of Use. Please see our FAQ if you have questions or concerns about using Facebook to comment.

You might like ...

School board wants provincial wage freeze for lifted for management staff
 
Police look for help in identifying robbery suspect
 
Wrongful conviction lawsuit goes to appeal
Corner Gas star Brent Butt coming to Nelson
 
DeHart: New retail pharmacy all about living healthy lifestyle
 
Nelson’s oldest citizen passes
‘Monroe’ cemetery monument location finalized
 
OC students win international accounting case competition
 
Women well represented as Liberal candidates in upcoming federal election in the Okanagan

Community Events, January 2015

Add an Event

Read the latest eEdition

Browse the print edition page by page, including stories and ads.

Jan 25 edition online now. Browse the archives.