The Perennial Increased Price Election (PIPE) is an additional yield protection policy that allows for an increase in the price election afforded by the Federal Crop Insurance policy. In conjunction with any APH policies (not on CAT), the combined coverage between the supplemental policy and the Federal crop insurance policy can be 100% of the value of the crop as defined by the APH.
Application for PIPE must be made annually and must be made by the corresponding MPCI sales closing date unless the sales closing date for this product is extended by ProAg.
In order to be eligible for an indemnity payment, you must experience a covered loss that is payable under the applicable MPCI policy. If there is no covered loss on the MPCI policy, then there will be no indemnity payments made under this policy.
Contact your trusted ProAg agent or account representative for more information. When you partner with ProAg, you are always ready for what comes next.
Not all coverage or products may be available in all jurisdictions. The description of coverage in these pages is for informational purposes only. Actual coverage will vary based on the terms and conditions of the policy issued. The information described herein does not amend, or otherwise affect, the terms and conditions of any insurance policy issued by ProAg or any of its subsidiaries.