Hamlet Insurance Agency serves our Agricultural customers with Multi-Peril Crop Insurance and Crop-Hail Insurance products:
Multi-Peril Crop Insurance
Provides production or revenue based coverage that provides growers with a risk management tool that helps protect them from weather-related concerns such as drought, flood, excessive rain, etc., or a loss of revenue due to decline in commodity prices. It can also be used as part of a marketing strategy.
Products available include:
- APH (Actual Production History)
- YP (Yield Protection)
- RP (Revenue Protection)
- RPHPE (Revenue Protection with Harvest Price Exclusion)
- GRP (Group Risk Plan)
- GRIP (Group Risk Income Protection)
- CAT (Catastrophic Coverage)
Crop-Hail Insurance is a stand-alone product, and also works well as supplemental coverage to Multi-Peril Crop Insurance. Crop-Hail covers damage to crops caused by hail. Many customers choose to add a Wind and/or Green Snap endorsement to the policy, which covers loss due to bending or broken corn stalks (subject to conditions).
Crop-Hail also covers these areas not covered by Multi-Peril insurance (all subject to conditions):
- Man-made fire in the field
- Transportation loss
- Storage loss