Crop Insurance

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

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