| Multi-Peril Crop Insurance Products |
Actual Production History (APH)
A multi-peril crop insurance product that provides protection against a loss due to nealy all natural disasters. more > |
Crop Revenue Coverage (CRC)
A multi-peril crop insurance product that guarantees revenue by combining yield and price variability. more> |
Group Risk Protection (GRP)
A county-based insurance product that pays the producer in the event the county yield falls below the trigger yield selected by the producer. more> |
Group Risk Income Protection (GRIP)
A county-based revenue insurance product that pays the producer in the event the county average per-acre revenue falls below the trigger revenue level selected by the producer. GRIP is based on the same pinciple as Group Risk Protection (GRP), but guarantees revenue instead of yield. more>
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Revenue Assurance (RA)
A multi-peril crop insurance produect that is based on Board of Trade prices and protects against loss of revenue casused by low prices, low yields, or a combination of both. more> |
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| Crop Hail Insurance Products |
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Full Coverage
A policy that gives the insured a payment that equals the percent of loss multiplied by the insured value per acre. |
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Deductible
Policies that do not issue payments until the loss exceeds a set percentage. |
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Companion
Policies that require the loss to exceed a set percentage. Once the loss exceeds the set percentage, then that percent is subtracted from the loss and multiplied by a factor of 2, 2.5, or 3, depending on the policy type. |
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