OREANDA-NEWS. January 21, 2011. Ingosstrakh OJSIC paid 22.3 million rubles to farm enterprise Sukmanovka, located in Slavyanka village, Chernyansky district of Belgorod region.

Under the terms of contract, the harvest of sugar beets on the total area of 504 hectares has been assured to the amount of 33.6 million rubles.

The insured event was adverse weather conditions last summer. During the summer drought crops of sugar beet were severely damaged. As a result, the harvest quality and quantity was significantly different from expected. It was necessary to carry out expert examinations in order to establish the amount of loss, after that the event has been recognized as insured accident. Ingosstrakh OJSIC paid the company insurance indemnity, the amount of which made 66.5 per cent of the sum of insurance, which allowed the farm to settle its obligations on time.

Management of Sukmanovka FE expressed their gratitude to the Ingosstrakh OJSIC staff for good work and excellent service.

Ingosstrakh OJSIC and Sukmanovka FE have been cooperating in the field of agri-industrial insurance since March 2008. During this time the assured items were farm machinery, motor vehicles, and agricultural crops.