These premium rates are provided for information purposes only. For your own rates, refer to your invoice.
2020 Premium rates and claim prices
Premium rates are determined at renewal time each year. These may change due to factors like past performance of the plan, changes to claim prices and the level of the Production Insurance Fund.
|Premium rate by coverage level|
Each year, Agricorp determines a choice of insurable values based on the average cost of a replacement nucleus colony. You choose an insurable value when you apply or renew.
Calculating your annual premium
- Premium rate
- Number of insured colonies
Annual premium (AP) is calculated using this formula:
AP = premium rate x total number of insured colonies