Private Products | Companion Hail (CP)

Companion Hail

What Is Companion Hail?

This endorsement is designed to cover that portion of the crop not covered by a policy reinsured or approved by FCIC. This program provides the grower protection against any yield reduction caused by hail and/or fire. It is designed to work in conjunction with a policy reinsured or approved by FCIC and contains increasing payment factors which match up with the various coverage levels as follows.

Policy reinsured or approved by FCIC Level of Coverage		Increasing Payment Factor		Limit of Insurance not to exceed normal market value of your interest in the:
50%		2.0		top half of the crop
65%		3.0		top third of the crop
75%		4.0		top quarter of the crop

The Companion Hail liability is totally payable whenever the hail loss equals or exceeds 55% at the 50% level, 38.4% at the 65% level and 30% at the 75% level. This coverage is subject to a 5% deductible.

Green shaded states show availability of this program.

02/04

Note: This summary is for general illustration only. See policy for program details.