Line 314 – Olive Groves

Whatever it is you produce, we protect you from unforeseen events.

The line 314 is an insurance of increasing coverages for operations olivareras with biennial contracting, guaranteeing consecutive harvests in the same contracting although the indemnity is annual.

It allows two consecutive harvests to be insured, covering damage caused by drought, hailstorms, etc. and other climatic risks not within the control of the farmer.

    Coverage

    In production, plantation and facilities it covers damage caused by the risk of hailstorms, exceptional risks* and other climatic adversities.

    In addition, in the case of hailstorm risk, it covers damage in terms of quality and the loss of suitability of the crop as table olives.

    * Exceptional risks: Wildlife, fire, flood – torrential rain, persistent rain and hurricane winds.

    Available modules

    Biennial mode

    • Module 1: it covers all guaranteed risks per operation.
    • Module 2: covers risks of hail and exceptional risks per plot of land. The rest of the climatic adversities for operations.

    Annual mode

    • Module P: covers risks of hail and exceptional risks per plot of land. Climatic adversity rest for operations.

    Subsidies

    Grant that the MAGRAMA awards through ENESA:

    % per module

    Type of grant

    1

    2

    P

    Base

    75

    21

    7

    Group Contracting

    -

    6

    6

    By SAECA financing

    -

    1

    1

    Policyholder characteristics

    -

    11

    9

    Renewal

    -

    5

    5

    Reduction of risk and production conditions

    -

    2

    -

    TOTAL:

    75%

    46%

    28%

    Contract dates

    Modules 1, 2

    Start date

    End date

    01/09/2017

    30/11/2017

     

    Module P

    Coverage

    Start date

    End date

    With the rest of the climatic adversities

    01/09/2017

    30/11/2017

    Without climatic adversity risk

    15/03/2018

    30/06/2018

     

    In addition with financing of 100% of the premium.

    Insurance brokered by BANKIA MEDIACIÓN Operador de Banca-Seguros Vinculado, S.A.U. (NIF A-40148884) and registered office at Pº Castellana 189, 28046 Madrid. Registered in the special administrative registry of insurance brokers of the Directorate-General for Insurance and Pension Funds with the code OV-0034. Insurance agency contracts signed with Mapfre España, Mapfre Global Risks and Bankia Mapfre Vida. Financial liability insurance and financial capacity covered according to current legislation.