Crop-Hail Insurance provides coverage above and beyond your MPCI policy to keep your crop protected.  Coverage is provided through private policies that are not re-insured by the Federal Crop Insurance Corporation (FCIC).

Crop Protection from:

  • Hail
  • Fire & Lightning – Before harvest and while crop is still in the harvester.
  • Transit Coverage – While harvested crop is being transported to first place of storage within a specified number of miles.  The policy is extended to cover loss caused by:
    • Fire and Lightning
    • Windstorm
    • Collision
    • Overturn
  • Collapse of bridge, docks and culverts
  • Fire Department Service Charge – Will pay up to $500 of your obligation for fire department charges incurred when called to save or protect unharvested crop.
  • Vandalism & Malicious Mischief

FEATURED CROP-HAIL INSURANCE PRODUCTS

BASIC – Basic hail plans are designed to cover on a per acre basis.  This plan will cover the portion of the crop not insured under an MPCI policy.

  • Insured elects a coverage amount and damage is determined as a percent.  Generally without a deductible.
  • BASIC hail plans pay 1 for 1 up to 70% and adds an additional 1.5% on any percentage over 70%.

EXAMPLE:  75% damage would result in payment of: 75% – 70% = 5% (over 70%) x 1.5 (payment factor beyond 70%) = 7.5% + 70% = 77.5% of the liability on damaged acreage will be paid. 

COMP2+ – Comp2+ hail plans also cover on a per acre basis and covers the portion of the crop not insured under an MPCI policy.  This plan works  much like a Basic plan except that it uses a 2x multiplier to increase indemnity at a faster rate on loss percentages over 10.

  • For loss equal or greater than 1% and equal or less than 10% the payable loss is the actual loss. 
  • For losses in excess of 10%, the payable loss is the sum of the actual loss less than or equal to 10% and the product of multiplying each percent by which the actual loss exceeds 10% by 2, until the aggregate loss equals 100%.

EXAMPLE: 25% loss on the policy would result in a payment of 25% – 10% = 15% x 2 = 30% + 10% = 40% of the liability on damaged acreage will be paid.

BASIC vs COMP 2+ Indemnity Payout Comparison

10% Damage

  • Basic = 10% payment (pays 1 to 1)
  • COMP2+ = 10% payment (pays 1 to 1)

25% Damage

  • Basic = 25% payment (pays 1 to 1)
  • COMP2+ = 40% payment (25-10=15 x2=30 +10 = 40%)

30% Damage

  • Basic = 30% payment (pays 1 to 1)
  • COMP2+ = 50% payment (30-10=20 x 2=40 + 10= 50%)

55% Damage

  • Basic = 55% payment (pays 1 to 1)
  • COMP2+ = 100% payment (55-10=45 x 2=90 + 10= 100%)

75% Damage

  • Basic = 77.5% payment (75-70=5 x 1.5=7.5 +70= 77.5%)
  • COMP2+ = 100% payment (75-10=65 x2=130 +10= 140% [max amount is 100%])

90% Damage

  • Basic = 77.5% payment (90-70=20 x 1.5=30 +70= 100%)
  • COMP2+ = 100% payment (90-10=80 x2=160 +10= 170% [max amount is 100%])

PRODUCTION PLAN – Production Plans are an optional plan that provides hail coverage for the bushel portion of your crop that is not covered by your MPCI policy.  The bushels protected are multiplied by a level factor of your APH.

  • Available in Levels of 100% – 120% of the approved APH 
  • May include Fire Coverage (unit coverage), Fire Department Service Charge, Transit Coverage (unit coverage), and/or Stored Grain Endorsement

Wind Coverage Endorsement

Wind Coverage Endorsement is an optional endorsement to your Crop Hail policy. … Wind with Extra Harvest Allowance is an optional Crop Hail endorsement that provides coverage for wind, green snap and extra harvest expense for corn that has blown down due to wind damage.

This is not a comprehensive list of all Crop-Hail products available through Duane Jindra Crop Insurance Agency, L.L.C.  Contact us for a personal consultation to help us determine what may be best for your operation and situation.