Drought Insurance with Hillridge

Coverage

WHEREAS the Insured by a proposal applied to the Insurer for the insurance contained in this Policy and has paid or agreed to pay the premium as consideration for such insurance, the Insurer will pay to the Beneficiary when:

• the Policy Holder has taken out this Policy, and paid the premium in due course;
• a Drought Event occurs within the Cover Period;
• the Index Loss is greater than zero ; and
• the Insured has an insurable interest in the Insured Asset.
• The Insurer will pay to the Beneficiary for each Drought Event the Index Loss.