During the growing season, you can purchase additional insurance from Great American to protect bumper crop yields or higher than normal crop values. Contact your agent for details.
Basic Hail Coverage
No deductible applies. The policy provides protection against physical damage from hail up to the actual cash value of the insured crop. Coverage is provided on an acre by acre basis, so damage that occurs on only part of a field may be eligible for payment when the rest of the field remains unaffected.
Deductible Hail Coverage
Deductibles are available from 5% to 30%. The policy provides protection against physical damage from hail up to the actual cash value of the insured crop once the adjusted percentage of damage exceeds the deductible. Coverage is provided on an acre by acre basis, so damage that occurs on only part of a field may be eligible for payment when the rest of the field remains unaffected. Some deductible coverages offer an increased payment option or deductibles that disappear.
Companion Hail Coverage
Deductibles are available from 0% to 15%. A Companion Hail policy supplements an existing MPCI policy. The policy provides coverage to protect the portion of crop not covered by the underlying MPCI policy against physical damage from hail. Once the adjusted percentage of damage exceeds the deductible, the companion multiplier is applied to the damage in excess of the deductible to determine the final indemnity (final indemnity will not exceed 100%.) Coverage is provided on an acre by acre basis, so damage that occurs on only part of a field may be eligible for payment when the rest of the field remains unaffected.
Production Plan Hail Coverage
Various coverage options are available. A Production Plan policy supplements an existing MPCI policy. This policy provides coverage to protect the portion of crop not covered by the underlying MPCI policy against physical damage from hail. This coverage is applied on a unit basis and in the event of a hail loss, will pay the lesser of the “field loss” or “production loss” as described in the policy. Coverage is available on corn, soybeans and wheat in several states. We also provide coverage on potatoes in Colorado.
ADDITIONAL COVERAGES
Where offered, coverages provided at no additional cost:
- Vehicle Damage
- Vandalism
- Malicious Mischief
- Fire
- Transit Losses
Great American’s Crop-Hail Coverage is typically purchased at a minimum of your cost of production and a maximum of the crop value.
Auto-Hail Option
The Auto-Hail program is designed to provide automatic Crop-Hail coverage renewal without the submission of a new application each year. To qualify for Auto-Hail, you must also have your Multiple Peril Crop Insurance (MPCI) with Great American.
Please note that Auto-Hail is not available for some crops, nor is it available in all states. Contact your Great American branch office for availability.
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