Nursery VALUE SELECT (NVS)
Nursery Value Select (NVS) is an inventory-based pilot program that allows nursery producers to select the dollar amount of coverage that best fits their risk management needs.
The insurance coverage provided by NVS insures container and field-grown plants against adverse weather conditions, failure of irrigation water supply, fire and wildlife across all states and counties. The NVS policy fully replaces the current Nursery Field Grown and Container program for the 2026 crop year.
What are the Benefits of Nursery Value Select (NVS) Crop Insurance?
Nursery Value Select (NVS) crop insurance is an inventory-based nursery crop insurance program with the following benefits:
- Simple application and annual policy renewal process
- Ability to select the dollar amount of coverage that best fits your risk management needs
- Coverage tailored to your individual practice (container or field grown), and for additional levels of coverage, your choice from any of 10 potential plant categories
- Simple loss adjustment process that determines plant values by placing greater reliance upon your actual sales receipts, along with your participation in determining a damaged plant’s ability to be marketed or rehabilitated
- Plant category naming conventions familiar to the nursery industry
- Tailored program dates, including two sales closing dates of May 1 (Gulf Coast and Atlantic Coast (including Pennsylvania, Vermont, and West Virginia)) or September 1 (all other states) that are better suited to the agronomic and industry nursery management practices in different regions across the country
- An Occurrence Loss Option (OLO) moving the deductible from a unit level to a plant level for an additional premium (only available for buy-up policies), and
- A Peak Endorsement Pilot, which allows producers to increase coverage during a designated peak period when the inventory value may be higher than the selected value.
What are the Eligibility Requirements for Nursery Value Select crop insurance?
In order to be eligible for NVS coverage, you must be a wholesale nursery that derives at least 40 percent of its gross income from the wholesale marketing of plants to:
- Retailers who resell to end users
- Landscape contractors
- Government entities or organizations, and/or
- Commercial fruit producers.
You must also have a wholesale catalog that is provided to customers and used in the sale of the plants.
Important Dates
For all Atlantic Coast states (including Pennsylvania, Vermont, and West Virginia) and Gulf Coast states:
Contract Change Date ……………… January 31
Sales Closing/Cancellation ……..…..……. May 1
Insurance Period Begins ………………… June 1
For all other states:
Contract Change Date ……………………..April 30
Sales Closing/Cancellation ……..…September 1
Insurance Period Begins ………………October 1
What are the Coverage Levels and Premium Subsidies for the NVS policy?
Coverage levels range from 50 to 75 percent. Crop insurance premiums are subsidized as shown below.
For example, if you selected the 75-percent coverage level, your premium share would be 45 percent of the base premium.
The CAT coverage level is fixed at 27.5 percent of your plant inventory value. The only cost for the CAT coverage level is an administrative fee of $655 for each insured practice.
What is the Occurrence Loss Option on the NVS policy?
Under the additional level of coverage, you may purchase the Occurrence Loss Option (OLO) in conjunction with your NVS policy in exchange for an additional premium. If you elect the OLO, your guarantee will be calculated the same as it would otherwise be calculated under the base policy. However, the OLO allows indemnities to be paid on smaller losses if a minimum dollar value of loss is exceeded.
What is the Peak Endorsement on the NVS policy?
For increased coverage during a designated peak period when your inventory value may be higher than your selected value, you may consider the additional insurance coverage provided by a Peak Endorsement (not available with CAT). You may purchase no more than one Peak Endorsement for each basic unit during the crop year unless you meet certain requirements in the Peak Endorsement
Can you show a loss example for the Nursery Value Select crop insurance policy?
Your share = 1.000
$500,000 Selected value
× 0.75 Coverage level percentage
$375,000 Amount of insurance
In the Event of a Loss
Pre-loss actual unit value = $600,000
Post-loss damage value = $200,000
Percent of loss = post-loss damage value ($200,000) ÷ pre-loss actual unit value ($600,000) = 33.33%
Amount of loss = (lesser of the pre-loss actual unit value ($600,000) or selected value ($500,000)) × percent of loss (.3333) = $166,650
Occurrence deductible = lesser of (deductible percentage (0.25) × pre-loss actual unit value ($600,000) or the crop year deductible ($125,000)) = $125,000
Subtract the occurrence deductible ($125,000) from the amount of loss ($166,650) = $41,650
Indemnity = loss ($41,650) × share (1.000) = $41,650
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