- Crop Insurance policies are continuous until the customer decides to cancel it in writing.
- All acres of a crop must be insured within tha county.
- Crop Insurance requires good record keeping skills
- Our records need to match what is reported to FSA. Agents need a copy of the 578 form and the maps.
- Following the guidelines under the Federal Crop Insurance Corporation, all crop insurance forms have deadlines and require a signature.
- Your policy should be reviewed from year to year to decide what level of coverage or which type of insurance product is best for your farm operation.
- Each crop can have a different level of coverage or policy type as well.
- Preventive Planting provisions are covered on all types of policies except GRP and GRIP.
- Replanting provisions are covered on all policies except CAT, GRP and GRIP.
- If there is ground in two different counties, there must be a policy for each county.
- Hail is covered under a multi-peril policy based on a yield loss. A separate Hail Policy will cover a crop on an acre by acre basis.
- FCIC subsidizes all crop insurance policies except separate hail policies.
- FCIC regulated Crop Insurance. Therefore, rates are the same throughout the industry.
- If a crop is not covered in Indiana, Michigan or Ohio, we can request a written agreement through the Risk Management Agency and get the insurance you need for your operation.
