Why do you need our weather index micro-insurance coverage as a farmer?
Bad weather resulting from climate change impacts has become a severe risk to crop farmers globally. This has threatened the income and livelihoods of these farmers. With the adverse weather events, most of these farmers are deprived of credit access as most banks demand insurance coverage to issue out credits to farmers. Under these climate change-induced conditions, our weather index micro-insurance offers a means of cushioning farmers against adverse financial effects of crop failures, as weather index insurance is a financial instrument that protects farmers from crop losses due to erratic weather.
Reasons why you need to get insured include;
For insurance related enquiry;
Mr. John - 08032127487
: john.aladetoyinbo@royalexchangeinsurance.com
For Climate Advisory Assistance reach us
: 07059072017
: info@sofadriclimate.com
- Weather index micro-insurance helps you recover from climate shocks faster: When things go wrong due to a high frequency of adverse weather events, farmers suffer crop failures leading to loss of crops, income, and livelihood. As such, farmers are left with large debts, and most engage in distressed asset sales. The weather index micro-insurance helps you get cash compensation based on a pre-determined index as an insurance policyholder. This allows you to recover from climate shocks without engaging in negative coping strategies such as distress sales of assets.
- Weather index micro-insurance gives you a lending edge with financial institutions: Most financial institutions require an insurance policy cover to provide access to credit facilities. With our policyholder certificate, you can access credit facilities banks and other lending institutions offer. Your weather insurance coverage shows that you can hedge climate risk; as a result, you are creditworthy.
- It's highly affordable and time effective: This micro-insurance is highly affordable to you as a farmer. The pay-out is fast, usually in a couple of weeks after the claim, compared to other traditional insurance cover, as a farmer you don’t sell your assets to survive before compensation.
For insurance related enquiry;
Mr. John - 08032127487
: john.aladetoyinbo@royalexchangeinsurance.com
For Climate Advisory Assistance reach us
: 07059072017
: info@sofadriclimate.com
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