Coverage Levels and Premium Subsidies
The premium subsidy percentages and available coverage levels, if electing basic units, are shown below. Your share of the premium will be 100 percent minus the subsidy amount.
You may only select one coverage level for each insured type in the county insured under this policy. You must select the coverage level, by type, on your application by the sales closing date.
If you do not select a coverage level for all insurable types specified in the actuarial documents, and you plant one or more additional insurable types, the lowest coverage level you select on your application for any insurable type will apply to each additional insurable type you plant.
The Catastrophic Risk Protection Endorsement (CAT) limits coverage to 50 percent of your average yield and 55 percent of the price election. The cost for CAT coverage is an administrative fee of $655, per crop, per county.
Basic, Optional, and Enterprise units are available in select hemp counties. Premium discounts apply for basic and enterprise units. Additional subsidy is available for enterprise units.
You may buy crop insurance coverage under one of the insurance plans offered: Catastrophic Risk Protection or Actual Production History.
Where to Buy Crop Insurance
All multi-peril crop insurance, including CAT policies, are available from private insurance agents.
420 Friendly Insurance offered by IT Risk Managers is your source for all of your USDA approved insurance products.
For more information call us at 517-381-9909, go to www.ITRISKMANAGERS.COM , or just click on the link below to apply.