Tropical Tree - Papaya

All papaya trees are insurable if:

• There is a premium rate provided by the actuarial documents in which you have a share;
• They are grown to produce a crop intended to be sold for human consumption;
• The insurance company inspects and accepts the orchard; and
• You provide evidence of at least four consecutive crop years of experience growing the crop excluding year set out.

Tree age will be determined on December 31 according to the following table. Nine month old trees may be insured upon request. Please contact a crop insurance agent.

You are protected against the following:

• Adverse weather conditions;
• Destruction of trees, if authorized by the insurance provider to contain the spread of disease;
• Disease, but not damage due to insufficient or improper application of control measures;
• Earthquake;
• Fire, unless weeds and undergrowth are not controlled;
• Insects or plant disease, but not damage due to insufficient or improper application of control measures;
• Tsunami;
• Volcanic eruption; or
• Wildlife, unless recommended wildlife control measures have not been taken.

Insurance begins on January 1 for carryover policies and 30 days after we receive your application for new policies, but no earlier than January 1. The insurance period ends with the earliest occurrence of one of the following:

• December 31; or
• When we determine the total destruction of the insured trees on the unit.

You can select coverage levels from 50 to 75 percent of the reference maximum price per tree. Crop insurance premiums are subsidized as shown in the following table. For example, if you choose the 65 percent coverage level, your premium share would be 41 percent of the base premium.

Assume 500 papaya trees in Honolulu, 75 percent coverage, a reference price of $10.10 per tree for growth stage year two, and 300 trees are dead after a hurricane.