Forest Insurance

The forest is an asset that you should take good care of. Sensible planning and forestry enable you to eliminate some of the risks to which the forest is exposed, but not all risks can be removed. If Forest Insurance lets your protect your commercial forest or forest on private land in case of damage.

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Forest Insurance protects your property

Owning a forest involves risks that will increase as a result of climate change. For example, in recent years various natural disasters, such as storms, have severely impacted Finnish forests.

Commercial forest insurance enables you to protect seedling stands, growing stock and felled timber in a forest where the main purpose is to produce timber for forestry operations.
On-site Forest insurance lets you insure seedling stands and growing stock in woodland of not more than three hectares on a plot of land that also includes the main building or for which planning permission has been granted.
In the event of damage, we do not deduct the sales value of the destroyed growing stock from the payout, and this is instead retained by the owner.

Insurance options

Forest insurance options

You get appropriate insurance cover for both commercial and On-site Forest, enabling you to pass on some of the risks to the insurance company.

Insurance options
	Commercial forest, Standard	Commercial forest, Extensive	On-site Forest
Sudden and unforeseen damage (e.g. damage due to flooding or vandalism)		X	X
Storm and snow damage		X	X
Cover for insect damage	X	X	X
PCover for fire damage – This insurance replaces trees and seedling stands destroyed by fire, where the damage is caused by uncontrolled fire, explosion or lightning strike. In addition, the insurance covers damage to seedling stands and growing stock due to firefighting measures.	X	X	X
Cover for rodent damage	X	X	X
Expected value protection – Expected value refers to the loss of future income from felling due to forest that is damaged or destroyed. The insurance covers a percentage of the sum insured in the insurance policy in accordance with the table below. The insurance payout is determined on the basis of the age of the destroyed growing stock. Age of timber stand and compensation payout 25–35 years 100% 36–45 years 50% 46–55 years 25%	X	X
As a forest owner, you also need third party liability insurance and legal expenses insurance. Third party liability insurance and legal expenses insurance for agriculture and forestry are intended for private owners of commercial forests. These insurance policies can be added when you take out home insurance.
Third party liability insurance for agriculture and forestry Third party liability insurance covers the policyholder for liability for damage or injury to a third party.
Legal expenses insurance for agriculture and forestry Legal expenses insurance covers legal costs incurred as a result of getting legal assistance in disputes and criminal proceedings relating to forestry operations.

Sum insured

Terms and Conditions and Guides

Forest insurance options

You get appropriate insurance cover for both commercial and On-site Forest, enabling you to pass on some of the risks to the insurance company.

Insurance options
	Commercial forest, Standard	Commercial forest, Extensive	On-site Forest
Sudden and unforeseen damage (e.g. damage due to flooding or vandalism)		X	X
Storm and snow damage		X	X
Cover for insect damage	X	X	X
PCover for fire damage – This insurance replaces trees and seedling stands destroyed by fire, where the damage is caused by uncontrolled fire, explosion or lightning strike. In addition, the insurance covers damage to seedling stands and growing stock due to firefighting measures.	X	X	X
Cover for rodent damage	X	X	X
Expected value protection – Expected value refers to the loss of future income from felling due to forest that is damaged or destroyed. The insurance covers a percentage of the sum insured in the insurance policy in accordance with the table below. The insurance payout is determined on the basis of the age of the destroyed growing stock. Age of timber stand and compensation payout 25–35 years 100% 36–45 years 50% 46–55 years 25%	X	X
As a forest owner, you also need third party liability insurance and legal expenses insurance. Third party liability insurance and legal expenses insurance for agriculture and forestry are intended for private owners of commercial forests. These insurance policies can be added when you take out home insurance.
Third party liability insurance for agriculture and forestry Third party liability insurance covers the policyholder for liability for damage or injury to a third party.
Legal expenses insurance for agriculture and forestry Legal expenses insurance covers legal costs incurred as a result of getting legal assistance in disputes and criminal proceedings relating to forestry operations.

Forest Insurance sum insured

Compensation payout options
Commercial forest
Level of compensation 1 Seedling stand EUR 1,560/ha Growing stock and timber - in case of fire damage, market price EUR/m3 - other damage, EUR 21/m3	Level of compensation 2 Seedling stand EUR 1,200/ha Growing stock and timber - in case of fire damage, market price EUR/m3 - other damage, EUR 16/m3	Level of compensation 3 Seedling stand EUR 840/ha Growing stock and timber - in case of fire damage, market price EUR/m3 - other damage, EUR 12/m3
Expected value of commercial forest For damage other than fire damage, the amount of compensation you receive will be a percentage of the sum insured based on the age of the growing stock, according to the selected level of compensation. In the case of fire damage, compensation for loss of expected value will be based on a valuation carried out by a forest industry professional. Age of growing stock and compensation payout 25–35 years 100% 36–45 years 50% 46–55 years 25%
The excess you have chosen will be deducted from the compensation payout for commercial forest.
On-site Forest For On-site Forest insurance the level of compensation is always the same: Seedling stand EUR 2,400/ha Growing stock and timber in case of fire damage, market price EUR/m3 other damage, EUR 30/m3 the excess for private forest insurance is EUR 150.

Forest Insurance Terms and Conditions and Guides

Metsävakuutusopas (pdf, 193 KB)Opens new window (only in Finnish)

Metsävakuutusehdot (pdf, 110 KB)Opens new window (only in Finnish)

Calculate the price of forest insurance

Calculate the price and buy insurance