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American Insurance Services, LLC


CROP INSURANCE

Multi-Peril Crop Insurance Plans
Crop-Hail Insurance Plans
Revenue Insurance Plans


MULTI-PERIL CROP INSURANCE PLANS

Yield-Based Protection
  • Actual Production History (APH) insures producers against yield losses due to natural causes.
  • Group Risk Plan (GRP) uses a county index as the basis for determining a loss.
  • Dollar Plan provides protection against declining value due to damage that causes a yield shortfall.

Revenue Insurance Plans

  • Crop Revenue Coverage (CRC) provides revenue protection based on price and yield expectations by paying for losses below the guarantee at the higher of an early-season price or the harvest price.
  • Income Protection (IP) protects producers against reductions in gross income when either a crop's price or yield declines from early season expectations.
  • Revenue Assurance (RA) provides dollar-denomination coverage by the producer selecting a dollar amount or target revenue from a range defined by 65-85 percent of expected revenue.
  • Group Risk Income Protection (GRIP) makes indemnity payments only when the average county revenue for the insured crop falls below the revenue chosen by the farmer.
  • Adjusted Gross Revenue (AGR) insures the revenue of the entire farm rather than an individual crop by guaranteeing a percentage of average gross farm revenue, including a small amount of livestock revenue.

Catastrophic Coverage

  • Catastrophic Coverage (CAT) pays 55 percent of the established price of the commodity on crop losses in excess of 50 percent. The premium is paid by Federal Government; however producers must pay $100 administrative fee for each crop.

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CROP HAIL INSURANCE
The devastation left in the wake of a massive swath of ice can be total or partial... But it’s always expensive, and all of the good farming practices in the world won’t prevent it. Crop Hail insurance gives you acre-by-acre protection that can be as much as the actual cash value of your crop, thereby protecting your investment and your future.

Crop Hail Flexibility
We will work with you to design Crop Hail coverage to fit your risk management plan. Flexible deductibles allow you to tailor the costs of your Crop Hail Policy to meet your budget.

Your Crop Hail Policy may provide optional coverage for perils other than hail. In many areas, basic hail coverage may be enhanced by the addition of coverage for:
  • fire and lightning
  • transit
  • reimbursement of replanting costs
  • wind
  • vandalism and stored grain coverage

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REVENUE INSURANCE PLANS

Crop Insurance Revenue Plans protect against losses in revenue caused by low prices, low yields, or a combination of the two. All revenue-based policies determine revenue differently.

Revenue Insurance Plans

  • Crop Revenue Coverage (CRC) provides revenue protection based on price and yield expectations by paying for losses below the guarantee at the higher of an early-season price or the harvest price.
  • Income Protection (IP) protects producers against reductions in gross income when either a crop's price or yield declines from early season expectation.
  • Revenue Assurance (RA) provides dollar-denomination coverage by the producer selecting a dollar amount or target revenue from a range defined by 65-85 percent of expected revenue.
  • Group Risk Income Protection (GRIP) makes indemnity payments only when the average county revenue for the insured crop falls below the revenue chosen by the farmer.
  • Adjusted Gross Revenue (AGR) insures the revenue of the entire farm rather than an individual crop by guaranteeing a percentage of average gross farm revenue, including a small amount of livestock revenue.


Contact us for assistance in determining the best risk management plan for your operation.

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