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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 Management Inc. agents can assist you in developing a good management plan.
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.
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Bean Windrow |
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Wind |
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Potato External Quality |
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Windshatter (Wheat & Barley) |
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Potato Tuber Quality |
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Production Plan Potato Freeze |
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Replant Option |
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Grain Guard |
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Escalator Deletion (Cotton) |
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Open Boll (Cotton) |
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Replant Deletion Option(Soybean) |
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Tree Fruit Optional Grade |
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Grain Fire |
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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
All Crop Policies are underwritten by: ProAg Group ProAg Insurance Company.
Note: All coverages described in this site are summarized and subject to the terms, conditions and exclusions in the policy. Please refer to the policy for specifics. All coverages are subject to state law which may vary from the stated information.
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