CORNCauses of Loss
Adverse weather conditions
Earthquake
Failure of the irrigation water supply, if applicable,
due to an unavoidable cause of loss occurring within the
insurance period
Fire
Insects*
Plant disease*
Volcanic eruption
Wildlife
Definition
Cancellation date -The calendar date specified in
the Crop Provisions on which coverage for the crop will
automatically renew unless canceled in writing by either
you or us or terminated in accordance with the policy
terms.
Production Guarantee
- The number of bushels determined by multiplying the
approved yield per acre by the coverage level percentage
you elect.
Projected Price -
The price for this crop determined in accordance with
the Commodity Exchange Price Provisions. The applicable
projected price is used for each crop for which revenue
protection is available, regardless of whether you elect
to obtain revenue protection or yield protection for
such crop.
Coverage Levels & Premium Subsidies
Catastrophic
Coverage: 50 percent of your average
yield and 55 percent of the projected price.
Additional Coverage: 50, 55, 60, 65, 70, or 75
percent of your average yield and up to 100 percent of
the projected price.
Premium Subsidies: varies based on coverage
level.
Replant Provisions
(Not available under catastrophic
coverage)
A replanting payment is allowed if your corn crop is
damaged by a covered cause of loss to the extent that
the remaining stand will not produce at least 90 percent
of your bushel guarantee and it is practical to replant.
The maximum payment will be the lesser of 20 percent of
the production guarantee or 8 bushels, multiplied by the
price election, multiplied by your insured share.