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We
now have... Farming has changed dramatically over the last few years. With these changes come many new risks that are not or can not be covered by Multiple Peril Crop Insurance (MPCI). MPCI coverage is not available on all crops, which means the only available tool for risk management is Crop Hail coverage. In today's world, risk management has become an increasingly important factor in farming operations. In addition to the regular Multi Peril Crop Insurance, Group Risk Plan, and Crop Revenue Coverage, you can also purchase coverage against: Hail These coverages are written on an Excess & Surplus Lines policy. By using E & S, your policy can be tailored to meet your exact risks. These coverages utilize the National Weather Stations (NWS) as the reporting points for all data. There is no need for expensive equipment in your fields which must be moved around or quite possibly could fail, leaving a question of coverage or loss. Note: The trigger must be reached at the NWS. If the trigger is reached at the farm location but is not recorded at the NWS, it is not a payable loss. PARAMETERS FOR COVERAGE
All of the above coverages can be written separately or in any combination. They can also be written with different triggers or duration time intervals. Always keep in mind that the premium is directly related to the trigger and the duration. The closer together you squeeze the trigger and the duration, the greater the premium risk. Loss adjustment is simple: If the insured trigger is reached as specified in the policy, the full claim is payable. Claims are paid immediately after verification of loss through the NWS data. [Home] [About Us] [Links] [General Coverage] [Named Peril Coverage] [What's New] [Contact Us] Jim Colville Crop
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