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There are hundreds of New Zealand forests insured through Crombie Lockwood. We provide owners, investors, managers and consultants with the level of insurance cover needed to protect standing timber.
Insuring forests is a specialist field, with its own risks. It is also further complicated by the value of carbon within the forest, which makes the trees more valuable but adds obligations.
The people at Crombie Lockwood are trailblazers in forestry consultant insurance in New Zealand. We were the first to bring wind damage, which is the major risk for many New Zealand forests, and cover for lost carbon credits to the New Zealand market. We can also tailor a separate liability package for cover under the Forest and Rural Fires Act 1977.
Too often critically important extensions of forest insurance cover are not given proper consideration; forestry is such a specialised area that many underwriters prefer not to get involved in the industry.
Alarmingly, many small NZ forest owners either have no timber insurance and forestry machinery insurance cover in place for their trees or they insure their forests for fire cover only, have no cover for wind or carbon credits, or are dangerously exposed to liability under the Forest and Rural Fires Act.
With many years’ experience and a close association with the New Zealand Institute of Forestry, our specialist brokers give expert advice and provide exclusive access to international specialist forestry underwriters.
Traditional forest insurance often only covers fire damage, but as we specialise in standing timber cover we offer our clients a much broader range of protection against:
Our STANDsure forest protection plan includes cover for:
Our specialist brokers are here to help you protect your growing investment and work alongside a dedicated claims support team to assist our forestry customers. If you need to make a claim, we’ll do it on your behalf and work through to settlement.
With our market scale and relationships, we have negotiated excellent terms for the forestry industry in New Zealand.