Forest insurance
Ensure your forest’s value and profitForest insurance according your needs
You can choose the cover for your forest that you need.
We also compensate expectation value losses
If trees are damaged, you will also be compensated for the lost future income.
Benefits for OP cooperative bank's owner-customers
As an owner-customer, you will get a discount on your policies and also receive OP bonuses.
Forest insurance covers your property
Forests are valuable property and you should be covered against any risks with the appropriate forest insurance. Almost 80% of all forest damage is caused by storms, but insects losses are rising steadily.
Our most comprehensive Forest Insurance covers losses caused by storms, snow, fire, floods, lightning, insects, theft and vandalism. We also cover damage caused by deer, rabbits, rodents, birds and most fungal diseases to saplings or to seedlings to be planted. You can also choose a less comprehensive Forest Insurance policy or just forest fire insurance.
- trees, sapling stands and seedlings to be planted
- felled logs or pulpwood and timber
- wood-felling residues intended for use as bioenergy.
Though the value of a forest might not be something people often think about, a significant amount of capital may be tied up in the forest. See an estimate of the value of your forest estate in the free quick analysis of OP Forest.
The most comprehensive forest insurance gives the best coverage
The most comprehensive forest insurance is the best choice for mature forests, growth forests and sapling-dominated forests. Mature forests are primarily threatened by storms and insects. If you forest is hit by storm, there may still be timber to sell, so we recommend that you choose either 23 or 32 euros per solid cubic metre as the maximum compensation.
The greatest threat to a growth forest is storm and snow damage. The risk of damage is highest when the forest has recently been thinned out. The tree stand will still have an expectation value, which means that in the event of damage, you may receive compensation when the tree stand must be felled before the final felling age. The maximum compensation for storm damage recommended for growth forests is 32 euros per solid cubic metres.
The greatest threat to sapling-dominated forests is posed by moles. When it comes to insects, the large pine weevil can cause extensive damage to a planted sapling stand in the years after regeneration. The maximum compensation sufficient for storm damage is 16 euros per solid cubic metre.
Climate changes increase the number of extreme weather phenomena and pest insects. You can prevent risks to your forest with timely forest management. However, forest management cannot prepare you against all phenomena, so it’s advisable to protect the yield of the forest with insurance.
