CLAIMS & APPRAISALS
Most producers have been there before. No matter what you do during the growing season, sometimes Mother Nature will not cooperate, and you’re anticipating your yields may fall below your guarantee. If you do find yourself in a claims situation, there are some important things to remember that can help the process go more smoothly.
Perils The vast majority of naturally-caused perils are included under multiple-peril crop insurance (MPCI) coverage. This includes, but is not limited to: adverse weather, failure of irrigation water supply, fire, insect damage or plant disease (unless you improperly or insufficiently applied pest or disease control measures), and wildlife damage. Those covered under Revenue Protection are also protected from a decline in market price
Timeframe Insurance coverage generally begins at time of application or time of planting, whichever is later. The end of the insurance period is generally recognized as the earlier of: total destruction of the crop, final harvest of the crop, abandonment of the crop, or the end of the insurance period (which is December 10 for corn insured as grain and soybeans).
Insured’s responsibilities For planted crops, the insured must notify the insurance company within 72 hours of the initial discovery of the damage or production loss, but no later than 15 days after the end of the insurance period, even if the crop has not yet been harvested. If you have a revenue protection policy and have a claim based on strictly price, the insurance company must be notified within 45 days of the harvest price announcement for the crop.
Appraisals If you are going to harvest your planted crop in any non-traditional manner, a crop appraisal needs to be completed, otherwise you may lose out on a potential indemnity payment. The most common time an appraisal is needed is when you’re going to chop corn for silage that is insured as grain. If you have a corn policy, any acreage that is not harvested traditionally as dry grain should be appraised. You should contact your agent at least a week in advance of when you are planning on harvesting to arrange for an adjuster to come out and perform the appraisals while the crop is still in the field. In the event you harvest before an adjuster is able to perform appraisals, representative sample strips must be left in the fields so the adjusters can use them for appraisals. The strips must be at least 10 feet wide and run the entire length of the field. If you do not agree with the appraisals you’ve gotten from the adjuster, do not sign them. Call your crop insurance specialist right away to have another adjuster perform a second appraisal.
Throughout the whole claims adjustment process, if you ever feel uneasy or unsure, contact your crop insurance specialist as soon as possible. No one wants to have a claim - producing a bumper crop is much more enjoyable than receiving a large claims check. But when a claim is necessary, remembering these key points will help make it a smooth process. If you have questions, please contact your crop insurance specialist.
FRESH APPLE REVIEWS
Please remember your fresh apple policy can be signaled out for a fresh review at any time during the year or at claims time. You will be asked to prove that you have sold your apples as fresh and at what price they were sold at. The requirement is that 50 percent or more were sold as fresh, at a fresh price in at least one out of the last four years. Call us if you need more information regarding what documents can be submitted and what needs to be on those documents. If you cannot prove fresh sales, RMA requires that your apples be changed to processing for the current crop year.
IMPORTANT DATE REMINDER!
Late fees will be charged on any unpaid premium on October 1. Please make note of this important change as late fees cannot be waived. If you cannot pay your premium before the due date, please contact your crop insurance specialist to make payment arrangements. Payment is due regardless of whether or not you have an outstanding claim.
It is not too late to purchase hail insurance for 2018. Hail is a separate policy from your multi-peril crop insurance coverage. As an added bonus, your hail policy can provide coverage for fire, lightning, vandalism/malicious mischief and transit to the first place of storage. Rates and coverage can vary by crop and county. Keep in mind, hail insurance must be purchased before damage occurs. Contact your GreenStone crop insurance specialist to set up an appointment to review your options.
2018 FALL WHEAT AND FORAGE CLAIMS
Appraisals are required when a customer plans to do something with the crop other than harvest in the normal manner. If you do not plan to take your wheat/forage to harvest, we must appraise the acres prior to destruction.
If you think you may be facing a forage production loss, make sure to contact your specialist to file a claim. If you didn’t have forage insurance for the 2018 crop year and are interested for 2019, the sales close date is the same as wheat, September 30.
CROP INSURANCE ALERT– BEFORE YOU CHOP!
Even though it may feel like the corn crop just got planted, it won’t be long until it’s time to fill the bunker silo. Before chopping corn for silage, please call and arrange for an appraisal ahead of time. Every effort will be made to have your crop appraised before you chop. Otherwise, you will be instructed on how to leave samples in your field for later evaluation.
Crop Insurance Calendar
1 - Forage & Fall Wheat Premiums Billing Date
15 - Spring Acreage Reports Due & Processing Beans Final Plant Date
27 - July LGM Sales Close Date
15 - Spring Premium Billing Date
31 - August LGM Sales Close Date
28 - September LGM Sales Close Date
30 - Wheat & Forage Production Sales Close Date30 - End of Insurance Period (loss reporting deadline) – Peach & Blueberry
15 - Forage Underwriting Report Signature Due Date
25 - Wheat Final Plant Date*
31 - End of Insurance Period (loss reporting deadline) for Fall Crops
31 - Final Claim Reporting Date for Dry Beans
*Please note that some dates can vary by county. Please check with your crop insurance specialist for specific dates if you are unsure.
Check out the full Crop Insurance News article here: