Here at Primacy, we understand that cotton isn’t an easy crop to grow. Your client spends months preparing the soil and tending their cottonseed. Relative to other summer crops, growing costs for cotton are higher and hail presents a significant risk to the production levels. A single and severe hailstorm or fire can wipe out your client’s entire crop season.
That’s why Primacy offer insurance solutions especially tailored for cotton farmers. And we ensure fast, efficient and supportive service so they can achieve the best yield possible.
Call us today to find out about our comprehensive insurance options.
This is a limited summary only. Terms, conditions, limits and exclusions apply. For full details and before making a decision, please consider the relevant Policy wording which is available on this website.
- What events are covered?
We provide cover against the loss of yield due to:
- Hail; or
- Hail and Fire.
- What optional events can be covered?
The following optional events are available to choose:
- Leaf and colour downgrade
- Seed cotton loss or damage
- What cover options are available?
We offer two different types of cover:
Fixed yield cover option
The provisional yield (or potential yield in the event of a claim) shown on the schedule of insurance is the maximum used to set the sum insured per hectare and premiums. The premium and sum insured are only reduced if the potential or harvested yield is less than 75% of the provisional yield.
Variable yield cover option
The maximum yield used to calculate the sum insured per hectare is 125% of the provisional yield (200% when dryland cotton yield option is taken). The sum insured and premium are variable within this range and an after-harvest declaration and ginning results are required to finalise the policy.
- Is there an excess?
An excess applies to hail claims, calculated as a percentage of the field sum insured. The percentage is nominated at the onset of cover and varying excess options are available between 10% and 25%. No excess applies for fire claims on growing crops.
- When does cover commence?
Cover commences two days after Primacy accepts request for cover, unless otherwise agreed.
- When are premiums payable?
The deposit premium is payable to Primacy by the 31st of January succeeding the commencement date of the Policy. The balance is calculated when harvested yield information is submitted after ginning and will be payable to Primacy by the 31st of October that same year.
- What happens if the area of the crops is incorrect?
For better flexibility and to ensure adequate cover, we have an allowance of 25% for irrigated cotton and 50% for dryland or semi irrigated cotton prior to the audit date. After the audit date, the allowance is 5% per field.
- Can Constructive Total Loss (CTL) crops be replanted?
Where replanting is possible, we’ll reimburse the reasonable cost of replanting. If you do not replant the crop(s), the most we can pay is 10% of the sum insured per hectare.
- What cost saving will be deducted where crops are deemed to be a CTL?
The following costs savings are deducted from the claim:
- Growing cost savings
- Defoliation and harvest savings
- License fees
- How to obtain a quote and arrange cover?
You will need to obtain a completed application form from your client and submit it to Primacy or you can log onto our online system and enter the details for a quote.
- What benefits does the cover provide?
The benefits available are as follows:
- Chemical overspray
- Additional expenses
- This is a limited summary only. Terms, conditions, limits and exclusions apply. For full details and before making a decision, please consider the relevant Policy wording which is available on this website.
- What optional benefits are available under this cover?
The optional benefits available are as follows:
- Micronaire downgrade
- Rainfall downgrade
- Late harvest crop benefit
- Dryland cotton yield cap
"I have received nothing but positive feedback and gratitude from our clients over the way the claims have been handled and the speed with which they have been settled."
Kym Bache - MGA Insurance Brokers
"Always so helpful whenever I need something queried or sorted. Very happy with the service, especially as this is our first year using Primacy."
Veronica Taylor - Mattiske & Henderson Insurance Services
"Always very helpful and patient. The staff are just wonderful."
Robyn Jackson - Allsure Insurance
Redirecting to applications area
- How do I make a claim?
You can either lodge the claim via the Primacy broker portals (to log in please use your username and password for the Primacy broker portal) or complete a Loss Notification Form and email the completed form to email@example.com.
- What information do I need to provide when making a claim?
You need to provide details such as the time when the loss occurred, the cause of the loss, a description of the crops damaged, an estimate of the nature and extent of the physical damage and details of any other insurance policy under which your client is entitled to claim for the same loss.