Crop Hail Coverage
Crop Hail is as supplemental private insurance product designed to protect farmers from crop yields by hail damage. It can purchaseed as a stand-alone policy or attach it to an existing MPCI policy for added protection.
Unlike MPCI, Crop Hail insurance is not part of the Federal Crop Insurance Program and is therefore not subsidized by the government. Instead, it’s offered as a private insurance product, giving farmers more choices in how they protect their crops.
Replanting Costs Due to Hail
Transit for Grain to Storage
Broader Fire Coverage
Stored Grain Coverage
Fire Department Service Charge
Vandalism & Malicious Mischief
Flexibility of Crop Hail
While Crop Hail insurance is primarily designed to protect against hail damage, many private insurance carriers also include coverage for additional perils. Because coverage can vary between companies, it’s important to review your options carefully. Our team will walk you through the details of what each carrier offers so you can choose the policy that best protects your farm and reduces financial risk.
Depending on the insurance provider, these perils may include:
Replanting Costs Due to Hail
Transit for Grain to Storage
Broader Fire Coverage
Stored Grain Coverage
Fire Department Service Charge
Vandalism & Malicious Mischief
Flexibility of Crop Hail
While Crop Hail insurance is primarily designed to protect against hail damage, many private insurance carriers also include coverage for additional perils. Because coverage can vary between companies, it’s important to review your options carefully. Our team will walk you through the details of what each carrier offers so you can choose the policy that best protects your farm and reduces financial risk.
Depending on the insurance provider, these perils may include:
Okay, So How Does a Crop Hail Policy Work?
Coverage per acre: $500
Ownership percentage: 100%
Policy Deductible: 0%
Percentage of Loss: 50%
Damaged acres: 100
$500 per acre x 100 acres =
$50,000
Total Coverage Provided
$50,000 x 50% =
$25,000
Total Loss Payment
$25,000 / 100 acres =
$250
Payment per Acre
Coverage for hail losses are provided on an acre-by-acre basis up to the full cash value of your crop.
Any claim indemnity is for the damaged part of the acreage.
Okay, So How Does a Crop Hail Policy Work?
Coverage per acre: $500
Ownership percentage: 100%
Policy Deductible: 0%
Percentage of Loss: 50%
Damaged acres: 100
$500 per acre x 100 acres =
$50,000
Total Coverage Provided
$50,000 x 50% =
$25,000
Total Loss Payment
$25,000 / 100 acres =
$250
Payment per Acre
Protect Your Future
You can plan every acre out perfectly, but the weather still has the final say. When the hailstorm rolls through, a crop-hail insurance policy can help keep your bottom line steady.
At Murphy Crop & Livestock Insurance, we build protection to fit your operation, your acres, your crops, your future.
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