Private-Stand Alone programs are provided directly by Livestock Risk Partners, protecting crops damaged by various perils, including fire and rain.
Field Grain Fire
The Field Grain Fire program insures the standing grain crop against direct loss by fire. It also covers any loss of grain due to collision or upset of vehicles while the grain is being transported to the first place of storage. A Stored Grain Coverage endorsement is also available to cover the grain in storage against fire.
Coverage Situations
- Field growing crops
- Harvested crops to first place of storage
- Optional: Harvested crop in storage, and transit coverage from original storage site to normal selling point
Coverage Period
- Coverage begins at 12:01 A.M. on the date immediately following the date the applicant and the agent sign the application.
- Coverage ends at 12:01 A.M. on December 1 of the same crop year (one crop grown to harvest).
Coverages
- Dollars per acre (up to the actual value)
- Maximum limits per acre by crop (same as Crop-Hail limits)
- Covers additional perils of windstorm, collision, overturn, and collapse of bridges, docks, or culverts for transit to first place of storage within 100 miles, $1000 limit per occurrence and excess over other valid coverages
Additional Coverage Items
- Stored grain coverage is optional and covers the insured crops at the first place of storage against fire and lightning ($100 deductible per occurrence applies)
- The Stored Grain Coverage Endorsement also provides transit coverage from the first place of storage to the normal selling point, not to exceed 100 miles
- Coverage begins at the first place of storage and ends at 12:01 A.M. June 1 of the following year
- Refer to the optional endorsement for specific exclusions
- Rate is an additional $.04/$100 of liability
Premium
- Entire premium earned upon inception date of the policy
- Annual premium
- Premium due with application
- $50.00 minimum premium
- Rate is subject to filed rates by state
Loss Payment
Amount payable will be determined by multiplying the number of damaged acres by the amount of insurance per acre.
Germination Coverage for Hybrid Seed Corn
The Germination Coverage for Hybrid Seed Corn program protects the seed corn company and/or grower against inadequate germination due to frost or freeze. If the warm test germination rate is less than 90% due to frost or freeze, this would be a covered loss under this program.
Hay Fire
The Hay Fire program insures hay stored in the open or in buildings or structures against direct loss by fire. Other coverages provided include loss of hay due to windstorm, collision, overturn and collapse of bridges, docks or culverts while the hay is being transported, loss of fencing, fire department service charges and theft and vandalism.
Coverage Situations
- Stacks, chopped hay, baled hay and cubed hay
- Hay located in open areas, buildings or structures
- Excludes growing hay
Perils
Direct loss due to fire, lightning and removal from premises endangered by these perils
Coverages
- Dollars per ton (actual value)
- Maximum $100,000 per stack
Additional Coverage Items
- Loss of hay due to windstorm, collision, overturn and collapse of bridges, docks or culverts while the hay is being transported
- Loss of fencing surrounding the hay
- Fire department service charges
- Theft and vandalism
Coverage Period
- Coverage begins the later of: 12:01 a.m. immediately following the date the application is signed by the applicant and the agent; or 12:01 a.m. on the inception date specified in the Schedule of Insurance
- Coverage ends the earlier of: total destruction of the insured hay; as the hay is fed or sold *; or 12:01 a.m. on the day following the expiration date specified in the Schedule of Insurance
Premium
- Annual premium
- Premium with application
- $100.00 minimum premium
- Minimum allowable policy = 90 days
- Maximum allowable policy = one year
Loss Payment
Amount payable will be determined by multiplying the number of tons lost by the amount of insurance per ton, less the deductible
Deductible Options (per occurrence, per location)
- The greater of $250 or half a percent of the applicable liability for each damaged stack
- The greater of $500 or one percent of the applicable liability for each damaged stack
- The greater of $2,500 or five percent of the applicable liability for each damaged stack
Hybrid Seed Corn Company
he Hybrid Seed Corn Company program is designed to insure the seed company’s financial investment in growing a seed corn crop. The policy references the Multiple Peril Crop Insurance (MPCI) policy with the seed company’s growers and a claim is triggered at the same point as the individual grower’s MPCI policy.
Hybrid Seed Corn Coverage
The agricultural marketplace is continuously changing. Producing crops is extremely risky, not to mention costly. Today, risk management programs are available to more farmers than ever before. As the world of agriculture has transformed, agricultural risk management has also evolved. America’s farmers provide a necessary service, while at the same time assuming the inherent risks involved with farming.
Rain Insurance
The Rain Insurance program insures against direct loss to events caused by rainfall. It does not cover any loss to property or from any other peril even though the loss may have occurred in conjunction with the rainfall.
