The Irish Examiner can reveal that a farmer may be able to claim an AAX auto insurance premium for their farm in a case where the farm is insured by Aig.
Farmers insurance agents are required to submit to a ‘fairly formal’ assessment and assessment will be made if the farm’s farm insurer has assessed the farm to be an eligible AAX policyholder.
The Insurance Regulatory Authority of Ireland (IRAI) has announced a pilot scheme to test the value of farmers insurance policies and it says that this pilot scheme will be expanded as more farm policies are tested.
The AAX has the ability to provide an auto insurance policy for a farm for up to a year.
However, farmers who are insured by the AAX will have to prove that they meet the requirements of the farm insurer, and the AA, in order to receive an auto policy.
The farm insurer will assess whether the farm meets the requirements and it is up to the farmer to prove to the AA that they are in fact an eligible policyholder in the AA.AA said it would be happy to assess farmers’ insurance policies in the case that they were unable to prove their eligibility.
“It’s important to note that we are not going to consider that we have not been assessed, and we will not take it to the tribunal.
This means that in our own system we would assess our policies based on the criteria we’ve laid out, as required by the insurance regulations,” said AAA spokesperson Claire Breen.”
Farmers will not be penalised for having a valid claim, but will still need to prove they meet their claims.
We are very pleased to see AA testing in our pilot, and are looking forward to the expanded coverage.”
Read more: Farm policyholder who was denied AAX insurance in the Irish Republic’s Northern Ireland is considering legal action