Our Policies

Agricultural Risk Management - Our Policies

Hail and Fire Coverage

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Billing Dates

Billing dates for premium payments will now be August 15 rather than October. This change was set by RMA and will affect every company writing crop insurance. Remember, acreage reporting has been set for July 15.

You will only be remembered for two things: the problems you solve or the ones you create. -Mike Murdock

How To Evaluate Crop-Hail Insurance:
Hail is the one catastrophe that is most likely to totally destroy a part of your crop and leave the rest looking fine. The part hail takes out may well be less then the deductible of your Multiple Peril Crop Insurance policy or it may not lower your yield enough for a revenue insurance policy to kick in. Crop-Hail insurance can fill that gap. While crop insurance 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.

How To Evaluate Crop-Hail Insurance:

Hail is the one catastrophe that is most likely to totally destroy a part of your crop and leave the rest looking fine. The part hail takes out may well be less then the deductible of your Multiple Peril Crop Insurance policy or it may not lower your yield enough for a revenue insurance policy to kick in. Crop-Hail insurance can fill that gap. While crop insurance 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.

Important Definitions:
Revenue Protection: Insurance coverage that provides protection against production loss or price decline or increase, or a combination of both. AS AN EXAMPLE ONLY: To arrive at the total bushels to potentially market, multiply APH (or expected yield) by coverage level by acres planted. For example, a farmer with a 165-bu. corn APH, 1000 acres and 75% coverage would look to price ahead 123,800 bu. Because of the revenue insurance with a harvest price option, farmers can confidently price this amount knowing they’ll be covered even if prices should rise going into harvest. Yield Protection: Insurance coverage that only provides protection against a production loss for crops for which revenue protection is available but was not elected. REMEMBER: Fire is not a covered peril under any Crop Insurance Policy. You should consider a Hail Policy on corn with a high deductible to cover this peril.

Important Definitions:

Revenue Protection: Insurance coverage that provides protection against production loss or price decline or increase, or a combination of both.

AS AN EXAMPLE ONLY: To arrive at the total bushels to potentially market, multiply APH (or expected yield) by coverage level by acres planted. For example, a farmer with a 165-bu. corn APH, 1000 acres and 75% coverage would look to price ahead 123,800 bu. Because of the revenue insurance with a harvest price option, farmers can confidently price this amount knowing they’ll be covered even if prices should rise going into harvest.

Yield Protection: Insurance coverage that only provides protection against a production loss for crops for which revenue protection is available but was not elected.

REMEMBER: Fire is not a covered peril under any Crop Insurance Policy. You should consider a Hail Policy on corn with a high deductible to cover this peril.