Svennes Crop Insurance Agency

Description

This policy provides insurance for loss or damage to growing crops caused by hail or other perils. JDRProtector is a concept of combining hail coverage and MPCI coverage, with the convenience of a single statement and processing system offered through John Deere Risk Protection (JDRP). Benefits Coverage for damage before and during harvest and while your crop is in the harvester. This also includes crops in small grain stubble. -Vandalism and Malicious Mischief Coverage for damage before and during harvest and while your crop is in the harvester. -Fire Department Service Charge Payment up to $500 when the fire department is called to save or protect your insured crop. -Unlimited Transit Unlimited mileage coverage for damage to your crop from transit accidents. -County Blanket We insure all acres of your crop in a county. -Coverage for Substitute Crops Prior to receipt of the insured’s coverage amendments for the subsequent crop year, we will automatically insure his/her MPCI insurable crop not grown the previous crop year. -Replant payment alternative If an insured hail event occurs, requiring the grower to replant the crop, the grower has the option of choosing between indemnification for: 1. The actual cost to replant, up to 20% of the limit of insurance – and no reduction of limit for the subsequently replanted crop. 2. Replanting at their own expense, and collecting indemnity based on actual lost crop. -Premium Waiver for Accidental Death* For loss of life by accidental means while carrying out your farming operation. -Stored Crop Coverage Covers injury, deterioration or diminution of harvested grain while in storage and caused by events such as fire, hail, windstorm or flooding. Crop-Hail Insurance Example Situation: Loss of production due to hail Hail plan: DXS5 (5% deductible plan, disappearing at 25%) Acres: 100 Insurance per acre: $350 Limit of insurance: $35,000 Gross loss percentage: 20% Net loss percentage: 18.75% Gross % Net % 10% = 6.25% 20% = 18.75% 25% = 25% 72% = 73% Indemnity Payment: Limit of insurance ($35,000) x Net loss percentage (18.75%) = $6,563 *Not Available in Kansas. Note: Policy provisions supersede information noted

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