Crop-Hail provides protection against physical damage from hail and/or fire. Other coverages provided include fire department service charges, transit coverage to the first place of storage, catastrophe loss award (most coverages) and replanting coverage (most crops). Options exist in some areas for other perils, such as wind and theft.
Crop-Hail can be used along with MPCI or other comprehensive coverages to offset the MPCI deductible and provide protection up to the actual cash value of the crop. Coverage is provided on an acre-by-acre basis, so damage that occurs on only part of a farm may be eligible for payment when the rest of the unit remains unaffected. If a grower has coverage and bumper crop yields or higher prices become apparent, coverage can be increased during the growing season to cover the value of the crop.
Companion Plan Insert (CP)
Designed to cover that portion of the crop not covered by a policy reinsured or approved by FCIC. This plan provides the grower protection against any percentage of loss caused by hail and/or fire. It is designed to work in conjunction with a policy reinsured or approved by FCIC and contains increasing payment factors.
Corn and Soybean Replant (RG)
This is an endorsement to the Crop-Hail policy that is available for growers who also have a Group Risk Plan (GRP) or Group Risk Income Protection (GRIP) policy. Coverage is provided for causes of loss other than hail that damages the corn or soybeans to the extent that they need to be replanted. The replanting coverage will be $20 per acre for both corn and soybeans at 100% interest. This endorsement provides coverage to replant acreage damaged by direct loss to the crop(s) described in the Schedule of Insurance caused by one or more of the following perils: (a) adverse weather conditions (excluding hail); (b) fire; (c) insects or plant disease, but not damage due to insufficient or improper application of pest or disease control measures; (d) wildlife; or (e) failure of the irrigation water supply due to an unavoidable cause.
Corn, Seed Corn and Sweet Corn Wind Endorsement (WE)
This endorsement provides coverage against direct loss to corn, seed corn and sweet corn by wind. Coverage options include green snap coverage, wind coverage or extra harvest expense coverage. Extra harvest expense coverage cannot be elected alone but may be added to green snap or wind coverage.
Production Plan (PP)
This endorsement is designed to cover that portion of the crop not covered by the underlying yield-based plan of insurance (Actual Production History [APH], Revenue Protection [RP] and Yield Protection [YP]) policy. This plan provides the grower protection against any percentage of loss caused by hail and/or fire on a unit basis rather than an acre basis. In addition, the loss could be reduced or eliminated depending on total harvested and/or appraised production from the unit.
Rename Reject Coverage (RC)
This endorsement provides coverage against direct loss due to hail damage that causes the crop to be rejected by the processor or buyer. The underlying Crop-Hail policy will cover the direct damage caused by hail and this endorsement will cover the additional loss in value from rejection of the crop.