Crop-Hail Coverage
Traditional Dollar-Per-Acre
Crop Hail Insurance provides coverage against loss to growing crops caused by hail. Depending on the crop insured, a crop hail policy may also provide coverage for loss caused by any of the following perils: fire, lightning, wind (when accompanied by hail or by separate endorsement), vandalism and malicious mischief. Crops may also be insured while being transported to a first place of storage and in the first non-commercial place of storage.
Companion
Companion hail coverage can be added as an endorsement to a MPCI policy. This coverage insures against loss from the same perils as a traditional dollar-per-acre policy, but limits the coverage to 1/2 , 1/3 , or 1/4 of the total liability of the crop. The idea here is to use the MPCI policy as a foundation of your crop coverage, with the deductible covered by a companion hail policy. This offers an alternative solution to managing your crop risk, and usually offers a way to reduce total premium.
Production
Production hail coverage is a similar in concept to companion hail coverage, and can be added as an endorsement to a MPCI policy. This coverage insures against loss from the same perils as a traditional dollar-per-acre policy, but limits the coverage to a percentage of the total liability of the crop. The idea here is to use the MPCI policy as a foundation of your crop coverage, with the deductible covered by a production hail policy. This offers an alternative solution to managing your crop risk, and usually offers a way to reduce total premium.
Greensnap/Wind
Greensnap coverage normally has a deductible and can be added as an endorsement to a crop-hail policy. This coverage normally insures against loss from severance of the stalk between the brace roots and the ears as a result of wind damage. Wind coverage normally covers wind damage to mature field corn which may render the crop unharvestable.