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 ?
According to new report available with Radiant Insights, the global Agricultural Crop Insurance market report provides in-depth analysis of market by share, size, demand, economic trends, investment feasibility, major key players, analysis and forecast.
Francis Pangilinan has filed Senate Bill 35 or the proposed Expanded Crop Insurance Act that seeks to amend existing laws which previously require crop insurance only of farmers who avail themselves of production loans.
A way to save them is for them to have crop insurance. This is one of our proposals to uplift the lives of those who feed us," Pangilinan said.
The government has made changes to its crop insurance programme, Pradhan Mantri Fasal Bima Yojana (PMFBY).
The Office of the Provincial Agriculturist (OPA) is implementing the Negros First Universal Crop Insurance Program (NFUCIP), an initiative of the provincial government, in partnership with the Philippine Crop Insurance Corp.
The County Crop Insurance Coordinator David Simiyu said the programme is a mitigation measure against drought.
A spokesman of the agriculture department said Saturday that earlier, crop insurance was available in four district but now this facility would be provided in 18 districts including Faisalabad, Sahiwal, Sheikhupura, Lodhran, Rahim Yar Khan, Multan, Muzaffar Garh, Narowal, Rajanpur, Bhakkar, Dera Ghazi Khan, Qasoor, Khanewal, Layyah, Mandi Bahaud Din, Bahawalpur, Bahawal Nagar and Okara.
This seminar will include 2019 crop insurance and crop claims updates, and a "Drone Use for Insurance Claims" presentation.
Say Sopheatra, a former CAMAIS project manager, said the scheme needs more funding, while farmers' understanding of crop insurance remains limited and more time is required to build up awareness.
To manage the risks, crop insurance can be a vital tool but unfortunately the crop insurance schemes introduced in Pakistan so far, have not gone beyond the pilot phases history.
Crop insurance has become the backbone of risk management protection afforded to crop farmers by the U.