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									GENERAL INFORMATION ON THE                                   as specified in the policy contract and the payment of           •	 Commercial Car
                                                             premium thereof.                                                    - Loss of or damage to the scheduled vehicle
                                                                                                                                   and its accessories and spare parts whilst
INSURANCE PROGRAM                                                                                                                  thereon:
                                                             PREMIUM RATES, DISCOUNTS AND
                                                                                                                                    a. by accidental collision or overturning
                                                             DEDUCTIBLES                                                               consequent upon mechanical breakdown
                                                                                                                                       or consequent upon wear and tear;
                                                               •	 Fire and lightning                                                b. by fire, external explosion, self-ignition or
   Agricultural assets shall pertain to machineries,
                                                                   Premium rating of all risks, including applicable                   lightning or burglary, housekeeping or
equipment, transportation facilities and other related
                                                                discounts and deductibles shall be in accordance                       theft;
infrastructures directly or indirectly used in the pursuit
                                                                                                                                    c. by malicious act;
of agricultural activities including production and             with the prevailing industry practice.
                                                                                                                                    d. whilst in transit (including the processes of
processing, marketing, storage and distribution of
                                                                                                                                       loading and unloading) incidental to such
goods and services.                                            •	 Property Floater                                                     transit by road, rail, inland waterway, lift or
                                                                   The premium rate shall be based on the prevailing                   elevator.
TYPES OF INSURANCE COVER AND RISKS                              rate in the area; provided that in no case shall said rate       - Other risks specified in the commercial car
ELIGIBLE FOR COVERAGE                                           be lower than One Percent (1.0%) of sum insured if                 policy, e.g.., CTPL.
                                                                the coverage is an initial insurance coverage for the
  •	 Fire and Lightning                                         subject property or the rate as expiring if renewal,         PROHIBITED RISKS AND PERILS
      - Warehouse risks for agricultural produce,
                                                                subject to a minimum premium of Four Hundred
        machineries and equipment.
                                                                Pesos (P400.00) per policy.                                   •	 Fire and Lightning
      - Industrial risks for processing of agricultural
                                                                                                                                 - Non-agriculture related warehouse and
                                                                   The per event deductible shall be One Percent                   industrial risks.
      - Poultry houses, pig pens, stables and other
                                                                                                                                 - All fire risks not classified under warehouse
        similar structures.                                     (1.0%) of sum insured or One Thousand Pesos
                                                                                                                                   risks/industrial risks.
      - Other related infrastructures.                          (P1,000.00), whichever is higher.                                - Earthquake, riot and all allied perils (typhoon,
                                                                                                                                   flood, etc.)
  Note: Allied perils such as: typhoon, flood, earthquake,     •	 Commercial Car                                                 - Burglary and robbery.
and other perils as rider in fire policy may be included,                                                                        - All prohibited risks and perils under ordinary
                                                                  The premium rating of all risks shall be in
subject to approval by PCIC Head Office.                                                                                           fire policy.
                                                                accordance with the prevailing industry practice.
                                                                                                                                 - Loss or damage related to war and terrorism.
  •	 Property Floater
                                                                   The per event deductible shall be One Percent
      - Tractors, threshers, trailers, shallow tube wells,                                                                    •	 Property Floater
        other related farm machineries.                         (1.0%) of sum insured or Three Thousand Pesos
                                                                                                                                 - Loss or damage to the property insured
                                                                (P3,000.00), whichever is higher.                                  caused by or resulting from wear and tear,
  •	 Commercial Car                                                                                                                gradual deterioration, inherent vice, latent
      - Agricultural transport facilities/vehicles used      COVERED RISKS                                                         defect, mechanical breakdown, corrosion,
        for hauling agricultural products such as:                                                                                 rust, dampness of the atmosphere and/or loss
        trucks and pickups                                     •	 Fire and Lightning                                               or damage caused by perils other than those
                                                                   - Damage to insured property due to fire and                    specified above.
                                                                                                                                 - Loss or damage to electrical appliances or
PERIOD OF COVER                                                      lightning.
                                                                                                                                   devices of any kind including wiring caused by
                                                                                                                                   electrical current or disturbance whether from
   The period of insurance cover shall be for a maximum        •	 Property Floater                                                 artificial or natural cause unless fire ensues and
of one (1) year commencing on the effectivity date or              - All risks of direct physical loss or damage to the            then for the loss by fire only.
                                                                      property insured from any external cause.
   - Loss or damage caused by repairing, adjusting,
     servicing or maintenance operations, unless
                                                          WHERE TO FILE APPLICATION                                      NON-CROP
     fire ensues and then for the loss by fire only.
   - Infidelity of the assured’s employees or of
                                                            •	 PCIC Head Office                                          AGRICULTURAL
                                                            •	 PCIC Regional Offices
     persons to whom the assured’s property is                                                                           ASSET INSURANCE
   - Loss or damage occasioned by the weight of a         NOTICE OF LOSS                                                 PROGRAM
     load exceeding the registered lifting capacity
     of any machine.                                          In the event of loss, a Notice of Loss (NL) shall be       General Information on the
   - Loss or damage caused directly or indirectly by
     invasion, the act of foreign enemies, hostilities,
                                                          immediately filed with the PCIC Regional Office.
                                                              NL shall be in writing and must at least contain the ff.
                                                                                                                         Non-Crop Agricultural Asset
     warlike operations, (whether war be declared         information: a) name and address of the assured, b) type       Insurance Program
     or not) civil war, mutiny, rebellion, revolution,    and number of policy, c) location of insured property, d)
     insurrection, military or usurped power or by        date and time of occurrence of loss, e) cause of loss, and
     any direct or indirect consequences of any of        f ) extent of loss/damage.
     the said occurrences.
   - Consequential loss or damage of any kind or
                                                          PROOF OF LOSS
     description whatsoever including 1) delay in
     completing, negotiating and loss of contracts
     and 2) deterioration and loss of market.               •	 Filing of Proof of Loss
   - Other prohibited cause of loss/damage                      A proof of loss, signed and sworn to by the assured,
     stipulated in the property floater policy.               shall also be filed with the PCIC Regional Office.
   - Loss or damage arising from the prohibited
     risks stipulated in the property floater policy.
                                                            •	 Fire and Lightning
•	 Commercial Car                                                -   Within Sixty (60) calendar days after the loss.
   - Loss or damage in respect of any claim or series
     of claims arising out of one event unless such         •	 Property Floater
     loss or damage is in excess of the deductible               - Within ninety (90) calendar days after the
     and then only for such excess;                                loss.                                                               DEPARTMENT OF AGRICULTURE
   - Consequential loss, depreciation, wear and
     tear, mechanical or electrical breakdowns,             •	 Commercial Car
     failures or breakages;
   - Damage to tires, unless the Scheduled Vehicle
                                                                 - Within three (3) calendar days from NL filing.                      CROP INSURANCE
     is damaged at the same time;                                                                                                      CORPORATION
   - Any malicious damage caused by the assured,          ADJUSTMENT AND SETTLEMENT OF CLAIMS
     any member of his family or by a person in the                                                                      “Sa Paglaban sa Kahirapan at Gutom,
     assured’s service;                                     •	 Adjustment of claim shall be done by PCIC                 Crop Insurance, Katulong sa Pagbangon.”
   - Loss of, or damage to accessories or spare                personnel or as the PCIC may deem necessary, such
     parts by burglary, house breaking, or theft,              may be assigned to an independent adjuster.
     unless the Scheduled Vehicle is stolen at the                                                                       7th Floor, Building A, NIA Complex, EDSA, Diliman,
                                                            •	 A claim shall be settled as expeditiously as possible
     same time;                                                                                                          Quezon City, Philippines
                                                               upon receipt of complete claim documents from
   - Loss or damage arising from the prohibited                the claimant.
     perils, exceptions and limitations stipulated in                                                                    Phone (02) 441-1323
                                                            •	 PCIC shall be liable only to the extent as specified
     the commercial car policy.                                                                                          TeleFax (02) 441-1324
                                                               in the policy contract or as agreed upon by and
                                                               between the assured and the insurer.

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