Agricultural & Crop
Agricultural insurance claims add additional challenges from other property claims. Not only do physical structures and buildings receive damage, but animals and crops can as well. This can hugely effect your production and revenue with potential business interruption expenses. Because agricultural claims entail so much, there are different policies that cover specific items. It's important to know which kind of policy you have and the differences between others.
Kinds of Agricultural Policies
There are two varieties of crop insurance that are available for major field crops. The first is yield-based coverage which pays an indemnity for lower yields. The second is a revenue plan that ensures a level of crop income. It is specifically based upon yields and the prices that determine a crop’s value.
Yield Protection: Yield Protection Policies insurers producers against production losses due to a covered cause of loss like drought, excessive moisture, hail, disease, or wildfire. YP policies also provide replant, late planting, and prevented planting coverage.
Revenue Protection: Revenue Protection Policies offer the same coverage as a YP policy with the addition of up or downside price protection. Both plans utilize the CBOT to establish the projected and harvest prices.
Livestock Gross Margin (LGM)
Pasture, Rangeland & Forage (PRF) Hail Policies
Organic crops, orchards, vineyards, nurseries, processing, and/or fresh market vegetables, tobacco, livestock risk protection.
Whatever policy you may have, our team of public adjusters is equipped and trained to get you the full value for your agricultural insurance claim.