"Agroinsurance is not standardized and there are various offers on the Bulgarian market", said Nina Kolchakova, Secretary General of ABZ (Association of Bulgarian Insurers). Therefore, farmers should be aware of all the terms of the offer in advance to determine if it suits their needs, according to the ABZ.

In addition to identifying the risks that suit the needs, it is worth paying attention to the insurance limits. For example, there is practice of having limits of up to BGN 150-170 per decare per year - this limit may be satisfactory for grain producers, but not for other crops, where the cost reaches BGN 300-400.

Nina Kolchakova noted that drought is undoubtedly a common climatic phenomenon for the region,

usually not covered by Bulgarian insurers. However, in 2020, for the first time in the country, drought insurance was offered, and this product appeared as a result of cooperation of international reinsurance groups, since it could not be offered independently by Bulgarian insurers alone.