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Dollar Plans of Insurance

Dollar Plans of Insurance are usually insured in dollar per acre or some other measurement applicable to the crop.

Dollar plan crop insurance policies provide protection against damage due to naturally-occurring perils. Guarantees are determined based on values published on the actuarial documents (Reference Maximum Dollar Amounts), which generally represent the cost of establishing a crop. The insured may generally select a percent of the Reference Maximum Dollar Amount in the actuarial documents equal to catastrophic level of coverage (CAT) or purchase additional coverage levels.

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How Dollar Plans Work

Indemnities are triggered when the percent of loss exceeds the deductible. The deductible is determined based on the insured’s selected coverage level.

There are five types of dollar plans: tree-based dollar, dollar, fixed dollar, yield-based dollar and aquaculture dollar.

  • Tree-based dollar plans, i.e. macadamia tree, are not required/fixed to a contract
  • Dollar plans, i.e. tomatoes, are not required/fixed to a contract
  • Fixed dollar plans, i.e. chili peppers, are fixed to a contract but does not have a yield component
  • Yield-based dollar plans, i.e. hybrid crop plans, are required/fixed to a contract but have a yield component
  • Aquaculture dollar plans, i.e. cultivated claims, are not required/fixed to a contract
Learn more with our crop insurance comparison guide
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Pro Ag Management, Inc.* (collectively with its corporate affiliates, “ProAg®”) is a managing general agency representing several risk bearing insurance companies, including Producers Agriculture Insurance Company and U.S. Specialty Insurance Company and doing business as Pro Ag Insurance Services, Inc. in California, CA Entity License #0F34212. The insurance products described on this website may not be a complete list of all products offered and may not be offered in all states. The provided information does not amend, or otherwise affect, the terms and conditions of any insurance policy issued by ProAg or any of its subsidiaries; always refer to the policy provisions.  Actual coverages will vary based on the terms and conditions of the policy issued.