Policy Types

Multi-Peril Crop Insurance Products | Crop Hail Insurance Products | Weather Products

Multi-Peril Crop Insurance Products

Actual Production History (APH)

A multi-peril crop insurance product that provides protection against a loss in yield due to nearly all natural disasters.

Revenue Protection (RP)

A multi-peril crop insurance product that provides protection against production loss or price decline or increase, or a combination of both.

Revenue Protection with Harvest Price Exclusion (RP-HPE)

Allows producer to exclude the use of the harvest price in the determination of the revenue protection guarantee.

Yield Protection (YP)

Insurance coverage that only provides protection against a production loss for crops for which revenue protection is available but was not elected.

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.

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 principle as Group Risk Protection (GRP), but guarantees revenue instead of yield.

Crop Hail Insurance Products

Full Coverage

A policy that gives the insured a payment that equals the percent of loss multiplied by the insured value per acre.

Deductible

Policies that do not issue payments until the loss exceeds a set percentage.

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.

Weather Products

Total Weather Insurance (TWI)

A full season weather insurance program that pays you automatically when bad weather hurts your crops.  You can now lock in profits, covering losses that occur well before MPCI coverage benefits begin.  

Specific Weather Peril Coverage

Policies that protect your crops from specific weather risks.  Coverage can protect against drought, high heat during corn pollination, heat stress, low heat units, Spring freeze, Fall freeze, rain on planting, etc.