CROP INSURANCE

When it comes to protecting your livelihood, you need a team of experts that not only knows the intricacies of insurance, but also the complexities of a farm operation.

Our agents combine their in-depth knowledge of the two to pair you with the right products, at the right price, specific to your operation.

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Multi-Peril Crop Insurance

MPCI

MPCI is the most popular form of insurance coverage due to its level and price flexibility.  The premium is subsidized by the government. It provides peace of mind and protection against production and revenue losses from a number of uncontrollable causes. MCPI also acts as an excellent credit enhancement for agricultural loans. For more information about Federal Policies visit https://www.rma.usda.gov/policies/ or give us a call to discuss your specific needs. 

Hail/Named Peril Coverage

Crop-Hail Insurance / Wind / Replant

Legacy can help you select insurance coverage for crop damage caused by hail.

From Basic Hail Coverage with no deductible to deductible and companion or production hail coverage, call us to explore the best option for you.

“…they are using 7 different sources vs. what most agents do, and it makes a difference, its not as much of a commodity as people think, the service, experience and knowledge are key.”  -Jim Sladeck

Basic Hail Coverage

No deductible. Provides protection against physical damage up to actual cash value of insured crop. Coverage on acre by acre basis, partial field damage may be eligible for payment.

Deductible Hail Coverage

Deductibles from 5% to 30%. Provides protection against physical damage up to actual cash value of insured crop, once adjusted percentage exceeds deductible. Coverage on acre by acre basis, partial field damage may be eligible for payment. Some options for increased payment and deductibles that disappear.

Companion Hail Coverage

Deductibles from 0% to 15%. Supplements existing MPCI policy. Provides coverage to protect the portion of crop not covered by MCPI physical damage from hail. Once adjusted percentage exceeds deductible, the companion multiplier is applied to damage in excess of the deductible to determine final indemnity (not to exceed 100%.)  Provided on an acre by acre basis, partial field damage may be eligible for payment.

Production Plan Hail Coverage

Various coverage options available. Supplements existing MPCI policy. Provides coverage to protect the portion of crop not covered by MCPI physical damage from hail. Applied on a unit basis and in the event of a hail loss, will pay the lesser of the “field loss” or “production loss” as described in the policy. 

Additional Coverages

Where offered, coverages provided at no additional cost:

  • Vehicle Damage 
  • Vandalism 
  • Malicious Mischief 
  • Fire 
  • Transit Losses 

Crop-Hail Coverage is typically purchased at a minimum of your cost of production and a maximum of the crop value. 

“Deb took our understanding of how to use crop insurance to a whole new level and pointed us toward ways that greatly decreased our risk factors and it paid off the first year we engaged her. Getting an overview assessment audit from Deb and her team at Legacy saved us as a team/farm well over six figures.”  -Robert Daily

Private Products/Endorsements

Legacy Insurance offers a variety of private product/named peril options that enhance your ability to increase your revenue guarantee. These are supplemental products that are purchased on-top of your traditional multi-peril crop insurance policy.  

These are very specific policies, too extensive to list, and should be discussed one-on-one with your agent.