OREANDA-NEWS. March 30, 2011. Ingosstrakh OJSIC has paid 5.5 mln. rubles to Agricultural Company “Otradnenskaya” LLC, located in Otradnensky district of Krasnodar region, in connection with a partial destruction of harvest.

Under the agreement, the harvest of sugar beet on the total area of 1,200 hectares was insured from destruction or partial loss for the total sum of 56 mln. rubles.

The insurance event was the drought of 2010, which resulted in the destruction of harvest in many economies, became the reason of fires and introduction of emergency state in almost 30 regions of the Russian Federation. To establish the amount of damage, the Agricultural Company “Otradnenskaya” LLC needed an expert examination, the results of which established that the event was an insurance event, and Ingosstrakh OJSIC has paid full insurance indemnity to the company.

The harvest insured was the object of pledge in Krasnodar regional branch of Rosselkhozbank OJSC within the framework of the loan obtained.

Ingosstrakh OJSIC and the Agricultural Company “Otradnenskaya” LLC have cooperated in the field of agricultural insurance since December, 2007. During this period, the insurance covered agricultural animals, real estate and future harvest of agricultural plants.