Crop Insurance Policies

Originally published by Brandee Bower.

There are two types of crop insurance policies. Multi-peril policies are similar to what most people purchase for their home or business and they insure against perils such as wind, hail, and fire. There are also hail specific policies which many farmers purchase since hail is so prevalent and doesn’t fall in a straight line, damaging some of the crop and leaving other areas unaffected.
In a recent case out of the 8th circuit,1 Bruhn Farms had a crop-hail insurance policy that provided coverage for direct loss due to hail. During the policy period, Bruhn experienced a hail loss and filed a claim with its insurer. Over a month went by and Bruhn did not hear from an adjuster. Bruhn requested permission from the insurer to harvest the crops and leave check strips for the adjuster. The insurance company eventually sent a team of adjusters, but during the two days they were on property there was inclement weather so the adjusters spent time in the barn and in the cars, not inspecting…

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