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The market for forestry or woodland insurance has, in the past, been restricted by a lack of insurers willing to underwrite such a specialist field. Commercial woodlands, if insured at all, have tended to be placed on cover through the management companies charged with looking after the forestry interests of clients. However, the insurance for forestry and woodland often ends up with a restricted panel of insurers.
Here at Lycetts, we have 25 years’ experience insuring woodland on behalf of clients and have developed a unique and unrivalled forestry insurance policy. Unlike other products on the market, under this bespoke policy, salvage remains the property of the insured. As you would expect, the policy also encompasses other necessary aspects, such as public liability, if required.
Agents and foresters need to be certain that the sums insured each year reflect not only the increasing value of the timber, but also the costs of fencing, site clearance and professional fees. Equally, agents will need to consider what would happen to salvage in the event of a claim and indeed whether to extend cover to include windthrow.
And we’re always available for you by telephone or email whenever and wherever you need us.
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In the event of a claim on your forestry or woodland insurance, please notify your Lycetts account executive or claims handler as soon as possible, and certainly of the incident. Some policies have strict time limits for notification of claims, so if there is a delay, you may prejudice your claim.
If the claim is for theft or malicious damage, please remember to report the incident to the police and obtain a crime reference number. On larger claims (in excess of £2,000), insurers may wish to appoint a loss adjuster, in which case your Lycetts team will provide advice on procedure. Regarding liability claims, it is essential that any potential claims are notified to Lycetts immediately and all correspondence is promptly forwarded to your Lycetts contact.
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Newcastle
Berwick St.Leonard
Catterick
Edinburgh
Exeter
London
Marlborough
Newcastle Risk Management
Newmarket
Norfolk
Oxford
Shropshire
Surrey
Sussex