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Coverages

Coverage

Effective Date of Policy is noon on the day following the application being:

  • electronically transmitted (all application must be submitted via our Agent Portal)
  • emailed or faxed to our office (to bind coverage only)
  • All coverage expires on October 31st at noon.

Last date for insuring – August 1st at noon

Townships are subject to early cutoff due to liability limits.

FIRE COVERAGE: This coverage applies to insured crops during the term of the policy as applicable to each item.

CUT CROP COVERAGE: All crops in the swath are insured against shatter (shell) damage caused only by hail, until the expiry date of the policy. All forage surcharge crops are excluded and coverage shall terminate on cutting.

LIABILITY LIMIT PER ACRE:
Minimum – Maximum = $50 – $400

2024 Insurable Crops

Note: New – indicates Surcharge changes this year.

All crops (except Forage) are insured in the swath against shatter (shell) damage caused only by hail, until the expiry date of the policy.

Mixed crops are always rated according to the crop which is subject to the highest level of charge.

Alfalfa & Clover for Seed: Should the crop be hailed prior to seed setting, the crop will be adjusted as a forage crop with damage being assessed on branch and plant loss. The coverage for forage shall be pro-rated to each cutting. Insurance coverage is for plant loss or damage only, not seed quality.

Basic RateBarley, Canary Seed, Canola, Corn, Flax/Linola, Kamut, Mixed Grain
Oats, Potatoes, Rye (Fall or Spring), Safflower, Sorghum, Speltz
Sugar Beets, Sunflower, Sunola, Sunwheat, Triticale
Forage Crops – Fodder (Liability shall be pro-rata on each cutting)
Wheat – all varieties
1.3 Times Basic RateSoybeans
1.5 Times Basic RateLentils
1.75 Times Basic Rate Beans (all other dry edible varieties)
2 Times Basic RateCamelina, Caraway, Coriander, Dill, Mint, Peas, Spices
2.5 Times Basic RateBorage, Buckwheat, Chick Peas, Hemp
2.75 Times Basic RateMustard
3 Times Basic RateAlfalfa/Clover (for seed), Grasses (for seed), Timothy (for seed)

Deductibles

Co-operative Hail provides three types of coverage to the producer: A full cover policy and two deductible policies.

10% Straight Deductible

Cost factor 70% of Basic Rate

  • No loss payments are made for loss percentages less than or equal to 10%.
  • When the loss is greater than 10%, the percentage payable shall be the percentage of loss minus the 10% deductible.
  • Maximum payment under this option is 90%
Loss PercentageDeductibleLoss Payable
10%-100%
11%-101%
50%-1040%
85+%+ harvest allowance (15%) -1090%

25% Straight Deductible

Cost factor 50% of Basic Rate

  • No loss payments are made for loss percentages less than 25%.
  • When the loss is greater than 25%, the percentage payable shall be the percentage of loss minus the 25% deductible.
  • Maximum payment under this option is 75%
Loss PercentageDeductibleLoss Payable
25%-250%
26%-251%
50%-2525%
85+%+harvest allowance (15%) – 2575%

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