Hail Insurance

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Hail Insurance

An insurance policy that provides coverage for damage to agricultural crops due to hail. Hail insurance helps reduce the weather-related uncertainty that farmers experience. In the event of an insured loss, damaged crops are compensated for in proportion of the total crop. As with all insurance, one pays a premium for hail insurance coverage.
References in periodicals archive ?
The Crop Insurance Program is more responsive than ever and will be extremely valuable this year as we come off of one of the driest years in the provinces history.
HB 6686 provides for a full crop insurance coverage to farmer beneficiaries whose losses were the result of natural calamities such as typhoon, drought, volcanic eruption and flood.
Unlike traditional crop insurance in which indemnity payments are linked to individual farmer yields and losses, index insurance links payments to independently established data, such as local rainfall, wind speed, temperature, typhoons, cyclones and historical yield data as trigger events to release payments and compensation to affected farmers and fishermen,' he added.
PCIC will provide free crop insurance coverage using the P3.
Agricultural lender, MidAtlantic Farm Credit, has said that it has hired a crop insurance specialist.
Jones joined Pro Ag in 2006 after having held roles in the crop insurance industry at Norwest Corp.
Subsidized crop insurance program was started by the government in 1954.
4m, as reported by National Crop Insurance Services.
The Government of India has notified that farmers availing crop insurance schemes administered/implemented by the Department of Agriculture from kharif 2017 are hereby required to undergo Aadhaar authentication or furnish proof of possession of Aadhaar," said the directive.
Federal crop insurance provides vital support for farmers suffering crop losses due to natural disasters," said Acting Assistant Attorney General Benjamin C.
Federal flood and crop insurance programs remain vulnerable to long-term financial risks imposed by climate change, despite efforts to better evaluate and prepare for future effects, according to a recent Government Accountability Office report (link).
Consider a deal where, for about 200,000 farmers, every dollar they can pay to the government in crop insurance premiums will give them an expected return of $1.