As a farmer, it is important to understand the precise definition of hail. Hail is a type of precipitation characterized by transparent or partially opaque balls or irregular lumps of concentric ice. It is important to note that hail is distinct from other types of frozen precipitation, such as sleet, snow, and frozen or partly frozen rain.

As a policyholder, you may come across the term “deductible.” Essentially, it refers to the sum of money you, as the insured, must pay towards a covered loss in case of a claim. Typically, insurance providers offer a range of deductible options for various types of coverage. However, choosing the most suitable deductible option is not always straightforward. Here are some key considerations:

1. A lower deductible means higher compensation for significant losses
2. A higher deductible means reduced rates by avoiding the adjustment of small losses

Question: Can I obtain insurance coverage for my crop that exceeds its value?

Answer: It is recommended that the insurance limits procured are sufficient to compensate for the revenue loss caused by hail.

To initiate a Notice of Loss, it is imperative to submit it in writing as it cannot be accepted via telephone. Filing the Notice within 72 hours of the storm ensures prompt processing.

In the case of an after-hours claim emergency, please call 306.791.3757.

MAKE CLAIM

Our Loan Protection coverage is not a one-size-fits-all style policy. Our personalized policies translate to better coverage and premiums that are, on average, 30-50% lower than traditional Creditor Insurance. We also allow you to lock in your rates, so you will not face expensive increases down the road.

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