Crop-Hail policies are not part of the Federal Crop Insurance Program and are provided directly to farmers by private insurers. Many farmers purchase Crop-Hail coverage because hail has the unique ability to totally destroy a significant part of a planted field while leaving the rest undamaged. In areas of the country where hail is a frequent event, farmers often purchase a Crop-Hail policy to protect high-yielding crops. Unlike MPCI, a Crop-Hail policy can be purchased at any time during the growing season.
Crop-Hail Decision Making
The acres and loss of crop yield caused by hail damage may well be less than the deductible of your federal crop insurance policy or it may not lower your yield enough for a revenue insurance polity to protect your profits. Crop Insurance can fill that gap. While federal crop policies protect you against losses severe enough to significantly drop the yield per insured unit, crop-hail insurance gives you acre-by-acre protection that can be up to the actual cash value of the crop. Crop-hail is especially important to those with area risk policies which leave individuals exposed to spot losses due to hail.
Town & Country Agribusiness will work with you to design crop-hail coverage that fits your risk management strategy. The flexibility of the deductibles allows you to tailor the cost to your budget. Your crop-hail policy may also provide coverage for perils other than hail. In many areas, basic hail coverage can include:
- fire and lightening
- reimbursement of replant costs
- carry-over coverage
- stored grain coverage
Contact us today for a quote.