Insurance premiums for Winterkill insurance are much lower than insurance premiums for yield insurance as the sum insured only covers the investment (seeds, crop protection, land lease, salaries, etc.) whereas yield insurance covers the future value of the crop.
Depending on the type of crop, location, level of deductible and insurance company the cost generally ranges from 3 to 8% of the investment insured.
For instance, if the cost insured is 3.000 UAH/ha the cost of insurance ranges from 90 to 240 UAH per ha.
