Crop insurance
We compensate for reduced crop yields or, in certain cases, a fixed amount of compensation if the damage is caused by hail, storms, torrential rain, fire, weather unfavourable to overwintering or wild animals. We will insure wheat, barley, rye, triticale, oats, buckwheat, rape, peas, field beans, and soya.
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The lowest level of non-compensable losses and favourable risk conditions.
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Publicly available loss assessment methodology.
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Simple and easy-to-understand insurance conditions.
Note! Benefits from European Union support partly cover the cost of purchasing the policy.
Key risks
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Hail
The greatest yield losses occur when hail hits plants at maturity. For oilseed rape, the yield loss in such cases is usually close to 100%.
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Storms and torrential rain
The most common type of damage caused by storms and torrential rain is cereal lodging. In more severe storms, the thicker stems of oilseed rape and field beans can also be broken off.
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Failure to overwinter
Frost heaving, drying out, suffocation under the ice crust, and uprooting can destroy large areas of winter crops. In Latvia, it has been observed that most crops do not overwinter.
Submitting a claim
Submit a claim quickly and easily at any time of the day by calling 67533375 or filling in the claim form. Send the completed form to [email protected].
BALTA client experience: The story of Agro Kaķenieki SIA
Frequently asked questions
BALTA insures crops twice a year:
- in autumn – usually until November, when we insure winter crops against both winter and summer risks;
- in spring – usually until the beginning of June, when we insure winter and summer crops against summer risks.
Depending on the weather conditions, the sell-by dates of crop insurance policies may be extended or shortened.
To find out the approximate price and conditions of the insurance policy, contact our specialists and tell us what crops you intend to insure, their sowing area and the expected value of the harvest. If you find our approximate policy price acceptable, you will need to fill in and submit a Crop Plan to receive a tailor-made crop insurance quote for your farm.
Unless otherwise specified in the policy, the start and end of the liability period for summer crops is as follows:
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Risk |
The liability period begins |
The liability period ends |
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Hail |
after the waiting period |
after harvest, but no later than 30 September |
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Storm |
after the waiting period |
after reaching maturity, but no later than 30 September |
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Torrential rain |
after the waiting period |
after reaching maturity, but no later than 30 September |
Unless otherwise specified in the policy, the start and end of the liability period for winter crops is as follows:
|
Risk |
The liability period begins |
The liability period ends |
|
Hail |
after the waiting period |
after harvest, but no later than 31 August |
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Storm |
after the waiting period |
after reaching maturity, but no later than 31 August |
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Torrential rain |
after the waiting period |
after reaching maturity, but no later than 31 August |
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Failure to overwinter |
when the policy comes into force, but not earlier than 1 December |
30 April |
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Damage caused by wild animals |
when the policy comes into force, but not earlier than 1 December |
30 April |
The single area payment printout must be submitted by 15 June of the crop year.