Flood: NAIC begins assessment of claims by farmers

The Nigerian Agricultural Insurance Corporation (NAIC) said on Monday that it had commenced the assessment claims by farmers whose investments were affected by the recent flood disaster in the country.

Mr. Bashir Martins, the Assistant General Manager, Marketing, in the corporation, gave this indication in an interview with the News Agency of Nigeria (NAN) in Abuja on Monday.

Martins said that farmers who insured their farms with NAIC had started filing their claims.

?Every insured farmer is entitled to indemnity by NAIC. We will compensate genuine farm losses from any insured perils which include flooding.

?Our field men have been alerted to assess the extent of damage on insured farm projects. Some of the affected farmers have reported their losses and we enjoin others to report to the nearest NAIC office.

?It must however, be stressed that only insured farmers will benefit from the Insurance compensation.?

According to him, the company provides insurance cover to individuals and groups of farmers from agricultural risks.

?On the average, we issue 45,000 agricultural policies in a year. We issue one policy to a group of farmers which might contain about 10 to 100 farmers.

Martins explained that apart from paying claims for farm losses, the corporation also provides free extension service to both insured and yet to be insured farmer groups.

?Our key idea is to sensitise farmers on modern farm techniques and risk management practices.? (NAN)

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Source: http://www.vanguardngr.com/2012/10/flood-naic-begins-assessment-of-claims-by-farmers/

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