This week we have been discussing the importance of crop-hail insurance. Below, we’ve listed four things about hail insurance that every farmer should know, from those who own small family farms, to those who run large commercial operations.
- Hail damage is concentrated in isolated areas. Although drought likely affects your entire farm, hail may only damage certain fields or even parts of fields. For this reason, hail-crop coverage is calculated by the acre. When filing a claim, you must determine what percentage of your crops was damaged.
- Hail insurance is bought separately. Hail damage is not covered under the Federal Crop Insurance Program and must be bought through a private insurer. If you do not specifically have a crop-hail insurance plan, you are likely not covered in the event of a hailstorm.
- Hail insurance covers other types of losses. Although the name makes it seem like only hail damage is covered in your plan, many insurance companies also cover wind, lighting, fire, vandalism, and some transportation-related losses. To fully understand what your crop-hail insurance covers, read your policy carefully.
- Some regions and crops don’t require hail coverage. Whether or not you need hail insurance—and how much insurance you need—depends on a number of factors, from how large your farm is, to where your farm is located, to what you grow and harvest.
If your crops are damaged by hail, it is vital that you receive the correct amount of claim money from your insurance company. If you need assistance with your hail-crop insurance claim, or if you would like to better understand your hail insurance needs, contact a Texas agricultural insurance attorney at the Voss Law Firm today: 888-614-7730.