Specialty MGA UK: ForestRe
Overview
The ForestRe team provide specialist services for the forestry industry including independent forestry owners, commercial forest enterprises, crop trees and orchards owners, saw log producers, timber merchants, real estate investment trusts, timber investment/forest management organisations, alternative investment management companies, and regional forest owners associations.
Our products are designed to meet the needs of clients ranging from small growers to international corporations.
Standing Timber Product
- Coverage can be tailored to suit each client.
- Standard fire product is FLEXA (fire, lightning, explosion and aircraft).
- Windstorm includes hurricanes, typhoons, tropical storms and tornados.
- Timber or industrial tree plantations is at an agreed value per hectare.
Parametric Forestry Wildfire Cover
- Modern satellite-based, machine learning algorithm technologies.
- Faster claim payment process compared to traditional product.
- Applicable to other agriculture class.
Value at risk product
- Pre-agreed salvage rates.
- Insure only the value of the timber that cannot be recovered.
- Lower premiums.
- Salvage belongs to insured.
Perils covered
- Fire
- Windstorm
- Hail
- Frost
- Rainfall deficiency
- Flood
- Snow and ice storm
- Malicious damage
Additional optional coverage
- Fire fighting costs
- Debris removal costs
- Aerial photography costs
- Claims preparation costs
- Re-establishment costs
- Plantation infrastructure
Exclusions
- Tsunami
- Subterranean fire
- Pests and disease
Contact
