Forest insurance

Ensure your forest’s value and profit
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Forest insurance according your needs

You can choose the cover for your forest that you need.

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We also compensate expectation value losses

If trees are damaged, you will also be compensated for the lost future income.

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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.

Request an offer

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.

Forest insurance covers
  • 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.

Laura Vähä Forestry Specialist

Forest insurance covers damage and lost income

Forest Insurance will provide compensation when at least 15 solid cubic metres of tree stand or at least 0.5 hectares of sapling stand is destroyed. Losses are compensated for on the basis of a loss estimate – storm damage up to the maximum amount of compensation you have chosen. Damage that is not storm-related is compensated for in accordance with the loss on the basis of the damage assessment performed by our forest partner and the insurance terms and conditions.

If, as a result of the damage, a young forest is underproductive and must be regenerated too early, the insurance reimburses the expectation value of the damaged tree stand. We also cover fire-watch costs after a forest fire.

You can insure an area of up to 5 hectares, either a forested plot or a forest of scenic value, with cover that is higher than normal. This means, for example, that the storm damage compensation has no upper limit. We compensate losses even if less than 15 solid cubic metres of trees is damaged, or damage extends to less than 0.5 hectares of a sapling stand.

How much does Forest Insurance cost? 

 

Factors affecting the price of Forest Insurance include 

  • the area of the forest estate
  • the location of the forest estate
  • the cover level you have chosen for the insurance
  • the maximum compensation you have chosen for storm damage
  • the amount of the deductible
 
Forest insurance is separate for each forest estate. This means that you can choose a suitable cover level and deductible for each forest estate. By increasing the deductible, you can reduce the premium without compromising on coverage. It's a good idea to choose a lower deductible for saplings than for a forest that is approaching or has already reached maturity.
 
How many of our banking and insurance services you use may also affect the price of Forest Insurance. If you are an OP cooperative bank owner-customer, you gain OP bonuses from your insurance policies, and if you are a prime customer, you receive discounts on your policies. The Forest Insurance premium is tax-deductible in forest taxation.

Request a quote for this and any other insurance you need

Requesting a quote online is quick and easy. Request a quote and get your insurance cover in order!

What to do in the event of loss or damage?

Pohjola Claim Help will tell you what to do in the case of forest damage. Pohjola Claim Help will also tell you where you can find the nearest Pohjola Insurance forest partner.

Miehet vaeltamassa turvallisin mielin, kun terveysvakuutus on kunnossa.
Health insurance for an adult
Forest insurance coverage and forest fire insurance

Choose a suitable forest insurance coverage or just forest fire insurance.

In case of storm damage, you will have to select the maximum level of compensation, which can be 16, 23 or 32 euros per solid cubic metre. Damage that is not storm-related is compensated in accordance with the loss on the basis of the damage assessment and insurance terms and conditions.

By increasing the deductible you can reduce the premiums without compromising on coverage. You should choose a lower deductible for saplings than for a forest that is approaching or has already reached maturity.

Forest insurance

Coverage

Forest fire insurance

 

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Storm

x

x

x

x

x

 

Snow

x

x

 

x

 

 

Fire, lightning and fire-watch

x

x

x

 

 

x

Insects

x

 

 

 

 

 

Flooding

x

 

 

 

 

 

Theft and malicious damage

x

 

 

 

 

 

Fungal diseases

xx

 

 

 

 

 

Deer *

xx

 

 

 

 

 

Hares, other rodents and birds

xx

 

 

 

 

 

* The Finnish Government indemnifies for damage caused to private individuals by elk or deer.

xx Only covers damage to saplings and seedlings to be planted

Your insurance benefits and OP bonuses
As a Pohjola Insurance prime customer you will receive discounts benefits. When you are also an OP cooperative bank owner-customer, you have access to even better benefits and discounts and the bonuses you have received as an owner-customer are used for your insurance premiums.
Forest insurance, product guide and terms and conditions

The insurance is issued by Pohjola Insurance Ltd.