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 ?
He was convinced of the need for crop hail insurance, though the concept had resulted in failure by other firms and was considered impractical.
As a result, coastal residents have seen their wind and hail insurance premiums soar, and in a growing number of cases insurers have cancelled this coverage altogether.
(2) 839,064 EMC Reinsurance Company (3) 66,287 Employers Reinsurance Corporation (4) 3,706,697 Enhance Financial Group (5) 82,687 Everest Reinsurance Company 1,360,650 Farmers Mutual Hail Insurance Company of Iowa 41,600 Folksamerica Reinsurance Company 458,177 General Re Group (6) 3,959,691 Gerling Global Group (7) 760,128 Hartford Re Company 848,900 Insurance Corporation of Hannover 350,079 Odyssey America Re Corp./Odyssey Re Corp.
"Why, oh why, didn't we take out hail insurance?" I couldn't help asking because I remembered having asked that question in the Spring.
Texas' provider of last resort for wind and hail insurance for Texas coastal properties won't be raising its residential and commercial property rates next year.
The MWUA was created by a 1987 statute to provide a residual market for wind and hail insurance coverage in six coastal counties.
Carrie Flynn, Farmers Mutual Hail Insurance, referred by Bob Pokorny
In 2012, insurance policies are sold and serviced through 15 RMA-approved carriers: ACE American, Agrinational, American Agri-Business, American Agriculture, Austin Mutual, Country Mutual, Everest Reinsurance, Farmers Mutual Hail Insurance Co.
The move also concerns the company's units Farmers Union Co-Op Insurance Co and Farmers Mutual Hail Insurance Co of Iowa.
HB 1940 states that available coverage from the Texas Windstorm Insurance Association (TWIA) does not preclude an eligible surplus lines insurer from providing windstorm and hail insurance.
For information on homeowners, wind and hail insurance, visit https://go.usa.gov/xQ7px.
Robotics and sensors are already being used to provide real-time analysis of weather and soil conditions in hail insurance. Drones were used extensively to inspect property losses during the recent spate of hurricanes.