Hay Fire
The Hay Fire program insures hay stored in the open or in buildings or structures against direct loss by fire. Other coverages provided include loss of hay due to windstorm, collision, overturn and collapse of bridges, docks or culverts while the hay is being transported, loss of fencing, fire department service charges and theft and vandalism.
Coverage Situations
- Stacks, chopped hay, baled hay and cubed hay
- Hay located in open areas, buildings or structures
- Excludes growing hay
Perils
Direct loss due to fire, lightning and removal from premises endangered by these perils
Coverages
- Dollars per ton (actual value)
- Maximum $100,000 per stack
Additional Coverage Items
- Loss of hay due to windstorm, collision, overturn and collapse of bridges, docks or culverts while the hay is being transported
- Loss of fencing surrounding the hay
- Fire department service charges
- Theft and vandalism
Coverage Period
- Coverage begins the later of: 12:01 a.m. immediately following the date the application is signed by the applicant and the agent; or 12:01 a.m. on the inception date specified in the Schedule of Insurance
- Coverage ends the earlier of: total destruction of the insured hay; as the hay is fed or sold *; or 12:01 a.m. on the day following the expiration date specified in the Schedule of Insurance
Premium
- Annual premium
- Premium with application
- $100.00 minimum premium
- Minimum allowable policy = 90 days
- Maximum allowable policy = one year
Loss Payment
Amount payable will be determined by multiplying the number of tons lost by the amount of insurance per ton, less the deductible
Deductible Options (per occurrence, per location)
- The greater of $250 or half a percent of the applicable liability for each damaged stack
- The greater of $500 or one percent of the applicable liability for each damaged stack
- The greater of $2,500 or five percent of the applicable liability for each damaged stack
Rates*
AZ, CA, ID, NV, NM, OK, OR, TX, UT, and WA
Deductible Rate | Days in Coverage Period | |||
---|---|---|---|---|
1-90 | 91-180 | 181-270 | 271-365 | |
$250/0.5% | 0.70 | 1.05 | 1.35 | 1.60 |
$500/1.0% | 0.65 | 1.00 | 1.30 | 1.55 |
$2,500/5.0% | 0.60 | 0.90 | 1.15 | 1.40 |
CO, KS, MT, NE, ND, SD, and WY
Deductible Rate | Days in Coverage Period | |||
---|---|---|---|---|
1-90 | 91-180 | 181-270 | 271-365 | |
$250/0.5% | 0.65 | 0.95 | 1.20 | 1.45 |
$500/1.0% | 0.60 | 0.90 | 1.15 | 1.40 |
$2,500/5.0% | 0.55 | 0.80 | 1.05 | 1.25 |
IA, IL, IN, MI, MN, MO, OH, and WI
Deductible Rate | Days in Coverage Period | |||
---|---|---|---|---|
1-90 | 91-180 | 181-270 | 271-365 | |
$250/0.5% | 0.60 | 0.85 | 1.10 | 1.30 |
$500/1.0% | 0.55 | 0.80 | 1.05 | 1.25 |
$2,500/5.0% | 0.50 | 0.70 | 0.90 | 1.10 |
Availability: Arizona, California, Colorado, Idaho, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Montana, Nebraska, Nevada, New Mexico, North Dakota, Ohio, Oklahoma, Oregon, South Dakota, Texas, Utah, Washington, Wisconsin and Wyoming
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