Crop Insurance

Multiple Peril Crop Insurance - MPCI
Buying a crop insurance policy is one risk management option. Producers should carefully consider how a policy will work in conjunction with their other risk management strategies to insure the best possible outcome each crop year. ProAg* agents can assist you in developing a good management plan. 

	Multiple Peril Crop Insurance		Crop Weather
	Insurable Crops		Agricultural Marketing Service
	Crop Policies

Crop Hail Insurance
ProAg Hail coverage is another option to your risk management strategies. ProAg can insure your crops against hail damage up to actual cash value thereby protecting your investment and your profit. Our Crop-Hail coverage is flexible, with endorsements available to fit your protection needs. Contact a ProAg agent for information and a quote. Deductibles vary widely throughout the country. The use and availability of these deductibles depend upon the state, crop and plan type.

Crop Hail Endorsements
The following coverage items are endorsements to the Crop Hail policy. The availability of these endorsements are subject to the filing in effect for the state, crop, coverage and crop year. See your ProAg agent for details.

	Bean Windrow		Replant Deletion Option(Soybean)		Production Plan Potato Freeze
	Potato External Quality		Grain Fire		Grain Guard
	Potato Tuber Quality		Wind		Open Boll (Cotton)
	Replant Option		Windshatter (Wheat & Barley)		Tree Fruit Optional Grade
	Escalator Deletion (Cotton)

Deductible Options

Basic - Full coverage - No Deductible

XS5 - Applies once the percent of loss exceeds 5%, remains as 5%

DXS5 - Applies once the percent of loss exceeds 5%, decreases incrementally, disappears at 25%

XS5IP - Applies once the percent of loss exceeds 5%, remains as 5% until loss exceeds85% then, deductible is reduced by 1% for each percent above 85% disappearing at 90%

DXS10- Applies once the percent of loss exceeds 10%, decreases incrementally, disappears at 50%

XS10 - Applies once the percent of loss exceeds 10%, remains as 10%

XS10IP - Applies once the percent of loss exceeds 10%, remains as 10% until loss exceeds70% then, deductible is reduced by 1% for each percent above 70% disappearing at 80%

XS15 - Applies once the percent of loss exceeds 15%, remains as 15%

XS15IP - Applies once the percent of loss exceeds 15%, remains as 15% until loss exceeds70% then, deductible is reduced by 1% for each percent above 70% disappearing at 85%

Tonnage - (Sugar Beets)

DDA - Applies once the percent of loss exceeds 10%, decreases incrementally, disappears at 25%
DDB - Applies once the percent of loss exceeds 20%, decreases incrementally, disappears at 40%
DDC - Applies once the percent of loss exceeds 30%, decreases incrementally, disappears at 55%

Companion Hail provides coverage to insure the unprotected portion of your crop when you have an underlying MPCI policy. In the event of loss, this coverage plan will be paid out before the severity of loss would create a payment under the MPCI policy. To accomplish this, an increasing payment factor is used to achieve payout. For example, if the underlying MPCI policy has 65% coverage you have 35% or approximately 1/3 of the crop unprotected. Purchasing this coverage in an amount equal to 1/3 of the crop value with an increasing payment factor of 3 accomplishes the needed total coverage.
X5 IP2 - Applies once the percent of loss exceeds 5% then, apply the remainder loss percent by the increasing payment factor of 2
X5 IP3 - Applies once the percent of loss exceeds 5% then, apply the remainder loss percent by the increasing payment factor of 3
X5 IP4- Applies once the percent of loss exceeds 5% then, apply the remainder loss percent by the increasing payment factor of 4.

Note: Producers Ag Insurance Group is comprised of Producers Agriculture Insurance Company, Producers Lloyds Insurance Company, the policy issuing companies and ProAg Management, Inc. the servicing affiliate. Our policies and services are offered by the two insurance companies plus companies we may have a serving agreement with. Also, the products listed on this web site may not be a complete list of all products offered and also may not be offered in all states.

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