Each year, severe storms affect farming operations across the country. But when is it too late to purchase crop-hail coverage?
FBN® offers a variety of different options for crop-hail coverage to get that last minute coverage when you need it most.
Most insurers allow:
A two-hour buying window. When your application is signed/submitted, your coverage is active after a waiting period, usually two hours.
12:01 am coverage (meaning if you buy your coverage at 6 pm, your coverage wouldn’t take effect until 12:01 am the next day)
The cost will vary among insurers because hail is a private product and depends on whether you’ve purchased a policy with a two-hour buying window or 12:01 am coverage.
Knowing which coverage is appropriate for your operation depends on the peril you’re facing such as:
In this video, FBN Crop Insurance Agent Courtney Wolfe explains when you should purchase this important coverage and why it’s a key way to manage risk for your ag operation.
Don’t think of mortality as a problem with crops until the wall cloud blows over and there is nothing but stubble left in your fields.
Work with your FBN Crop Insurance Agent to put a solid risk management plan in place that includes crop-hail insurance that could potentially cover what your multi-peril policy doesn’t.
The goal is to make sure your crop-hail insurance adequately covers what you have at risk, or stand to lose.
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Disclaimer: The purpose of the following material is to promote awareness of risk management concepts and to highlight risk management products, features, benefits and availability. This presentation does not provide full details of policy provisions or approved procedures. Producers should consult with a local agent for specific details and program requirements.
We are an Equal Opportunity Provider. FBN Insurance services are offered by FBN Insurance LLC (dba FBN Insurance Solutions Services LLC in Texas, and FBN Insurance Solutions LLC in California and Michigan). FBN membership is not required to purchase through FBN Insurance LLC, but certain features may only be available to FBN members. FBN Crop Insurance is currently offered in all U.S. states.