Rural Insurance with Vero AgriPlan
Flexible dependable cover 'til the cows come home
After more than 150 years of working with New Zealand’s farming community, Vero knows that farmers require insurance that’s dependable, yet flexible enough to meet the challenging demands of farming today.
Vero's AgriPlan is a total insurance package designed to satisfy the unique insurance needs of New Zealand farmers. AgriPlan provides a wide range of cover from domestic through to farm equipment, buildings and livestock. You can tailor Agriplan to suit your individual insurance needs and select only the cover/s you require.
Each section has automatic benefits with the option to select additional benefits that reflect your business needs e.g. there is specified cover available for forestry lots, live hedges and shelter belts. Vero AgriPlan even dedicates a specialised section to your livestock, farm dogs and farm horses. So whether it’s insurance for your home, livestock, farm equipment or farm vehicles – Vero’s AgriPlan can cover it.
|Vero Agriplan gives you flexible insurance cover for your home. There are two options to choose from:|
|1.||Replacement cover – based on the sum insured of your home.|
|2.||Depreciated value cover|
|Additional benefits include cover for any part of your home used as a home office and for landscaping (where your garden and home are damaged) up to $2,500. There is also cover up to $3,000 for certain types of gradual damage and we do not exclude damage by pets or put a specific dollar limit on the damage they cause. Plus, retaining walls are covered to a limit of $10,000. You are also covered for up to $5,000 for contents in your home occupied by your employee.|
|Vero Agriplan gives you two options when it comes to protecting your home contents.|
|1.||At the home only – for items in your home.|
|2.||At and away from the home – in most instances you’re covered anywhere in New Zealand providing your contents are not permanently removed from your home.|
|Additional benefits include specified cover for your children’s contents while at boarding school or living in tertiary accommodation. There is also up to $3,000 cover for certain types of gradual damage. And as valuable items such as jewellery, coin or stamp collections and photographic equipment are covered up to $3,000, you may not need to specify them to obtain cover for their full value. |
Other additional benefits:
|•||Home office contents with a total value of up to $10,000 are covered.|
|•||Unauthorised use of credit cards covered to $1,000.|
|•||If your cellphone is stolen, we will cover up to $500 worth of unauthorised calls during the first 24 hour period.|
|•||If you accidentally turn your freezer off, we will pay up to $3,000 to replace any spoiled food|
|Insure your farm and private use vehicles comprehensively or, for a reduced premium, you may choose Third Party or Third Party Fire and Theft cover. These two third party options provide cover for damage you negligently cause to someone else’s vehicle or property, as well as cover of up to $3,000 for damage to your own vehicle, where this is caused by another identified person and that party is uninsured.|
For comprehensively insured vehicles:
|•||Windscreen breakage is covered (where this is the only damage) with no excess and no loss of your no claim discount – no additional premium required!|
|•||We will also replace your vehicle if the cost of repairs is 60% or more of its market value, the vehicle has travelled less than 15,000km and it is less than one year old.|
|•||You can elect to insure Minor farm vehicles, farm bikes, farm tractors and other farm vehicles (but not cars, trucks or utes) for market value to a maximum of $3,000 any one item.|
|For farm use vehicles, we will cover you to hire a vehicle to enable you to carry out your normal farming operations while your vehicle is being repaired. We will pay up to $250 per day, up to a maximum of 20 days – a five day excess applies.|
|•||We will also cover the cost of repairing agricultural implements or machines if a solid foreign object becomes ingested or entangled in it.|
Vero Agriplan can cover you for loss of earnings if you are unable to work due to injury or illness. If you have chosen injury cover, a wide range of lump sum benefits are also payable.
|Vero Agriplan helps you to protect all your farm assets. Cover is available for your farm assets including farm buildings, machinery, plant and tools, animal feed (excluding growing crops), general stores such as fertilisers, grain and produce, milk, refrigerated goods and wool.|
|•||Specified cover is available for electric motors, pumps and submersible pumps with a replacement value of up to $7,500. There is no kilowatt limit. Items less than five years old will be replaced if they are uneconomic to repair. We will also cover the hire cost of a replacement while repairs are being carried out.|
|•||We can provide total replacement cover for your farm assets such as machinery, plant, tools, computers etc irrespective of the age of the item.|
|•||You can elect to insure you net resultant loss where you have supplied produce to a recognised processor who goes into liquidation or receivership before paying you.|
|•||You can elect to insure your farm bridges for specified perils up to their replacement value. • You can elect to insure minor farm buildings of less than 20 sqm, silos, tanks, concrete paving and cattle stops to a maximum of $5,000 any one item.|
|•||Fences, gates, artificial windbreaks and sheep or cattle yards that are not part of a building are covered to $5,000 for certain perils.|
|•||If your dairy company is unable to collect milk because of route blockage or damage to their property, we will pay the amount that you would have been paid plus reasonable costs to dispose of the milk, up to $10,000.|
|Vero Agriplan ensures it is business as usual. |
If a fire started in the switchboard of your cowshed and quickly spread destroying valuable equipment and part of the building and that damage was covered by your policy – what would happen next?
|A.||If you have chosen the ‘Additional costs’ option under the Farming operations interruption section, we will pay for your reasonable additional expenditure, up to $20,000 for a maximum of six months, to enable your farming operations to continue as normal.|
|B.||If you have chosen the ‘Gross Profit’ option, you are covered for your lost gross profit, up to the sum insured, and the indemnity period you select while your business is returning to normal profit levels. With the Gross Profit option we’ll also work with you to minimise loss, for example, assisting you to move stock and get them milked elsewhere. A benefit is also available to assist with payment of staff wages when their services can’t be utilised, while your buildings, machinery and plant are replaced.|
Public liability insurance covers your legal liability to pay compensation for damage to property or personal injury arising out of your farming operations. You will also be reimbursed for approved legal defence costs. Statutory and Employer’s liability cover is also available.
There are many ways we can help you to save on your insurance premiums. By taking three or more sections of Vero Agriplan (one being the Liability section), you automatically qualify for a 10% premium discount. You can also choose higher excesses and be rewarded with no claim discounts. By electing higher voluntary excesses significant savings can be made to your premiums. You can tailor your policy by purchasing the components you require to ensure you get maximum benefit and savings.