Crop Hail Insurance

About

Crop Hail Insurance product stand out by offering customizable coverage levels tailored to the unique needs and risks of each farmer's operation, ensuring that they have the precise protection they require. We conduct a comprehensive assessment of crop value, which guarantees accurate compensation for any losses incurred due to hail damage. Our knowledgeable agents are always on hand to provide expert advice and support, helping farmers make informed decisions about their coverage options. Furthermore, this product seamlessly integrates with other crop insurance products, offering a holistic risk management solution that covers a wide range of potential threats to a farmer's livelihood.

Dollar Plans

Crop Hail coverage protects against physical damage caused by hail and/or fire. Many hail policies also include additional protections at no extra cost, such as coverage for fire, lightning, theft, vandalism, and certain risks during transit and storage.

How It Works:

Producers select a specific dollar amount of coverage and can choose from various deductible options to allow for partial self-insurance, which can help lower premium costs.

Coverage is provided on an acre-by-acre basis, meaning that if damage occurs on part of a farm, that area may still be eligible for payment, even if the rest of the field remains unaffected.

Production Plans

The Production Plan is a Crop Hail insurance endorsement that complements your federally-subsidized Multi-Peril Crop Insurance (MPCI) policy by covering the portion of your crop that remains unprotected under the MPCI.

Unlike traditional hail insurance, which indemnifies based on the percentage of damage sustained, the Production Plan takes into account the total harvested production. An adjuster will assess the percentage of damage at the time of the hail event, but the final loss calculation will occur after harvest when the actual production is known.

How It Works:

The crop acreage insured under this endorsement must also be covered by a Yield Protection, Revenue Protection, or Revenue Protection with Harvest Price Exclusion policy.
It is offered on an MPCI unit basis for select crops at 110–120% of the insured’s Actual Production History (APH).
The insured's APH and MPCI levels determine the total coverage and premium.
Indemnity payments are based on the actual hail loss and the final production to count.