At Suhr & Lichty Insurance Agency we realize that farming is the backbone of our country, and no matter how large or small your farming operation is, we have the expertise to help properly insure your business.
Being independent, we have partnered with the best crop insurance company in Nebraska. This is important because crop insurance costs are the same no matter what crop insurance provider you are with.
This means we have the flexibility to truly find you the best possible product at the best price. Companion Hail Insurance is a great complement to your multi-peril crop insurance policy.
What is a Hail Policy?
Hail is one catastrophe that is most likely to totally destroy a part of your crop and leave the rest undamaged. The acres and loss of crop yield caused by hail damage may be less than the deductible of your federal crop insurance policy or it may not lower your yield enough for a revenue insurance policy to protect your profits. Crop hail insurance can fill that gap.
While federal crop policies protect you against losses severe enough to significantly drop the yield per insured unit, crop hail insurance gives you acre-by-acre protection that can be up to the actual cash value of the crop. Crop hail is especially important to those with area risk policies, like ARPI, which leaves individuals exposed to spot losses due to hail.
You can also buy additional crop hail coverage during the growing season (prior to damage) to protect added profit potential from bumper crop yields or high-than-normal crop values. Even if your frequency of hail damage is low, remember that crop hail coverage is rated for your area. It is an inexpensive way to protect against hail damage.
The benefits of crop hail insurance include:
Helps shelter pre-harvest crop sales
Protect crops up to the full cash value
Acre-by-acre coverage provides protection from isolated damage
May be used as loan collateral
What does Crop Insurance cover?
We work with you to design crop hail coverage to fit your risk management strategy and flexible deductibles allow you to tailor the cost of your crop hail policy to meet your budget.
Your crop hail policy may also provide coverage for perils other than hail. In many areas, basic hail coverage includes:
Fire and Lightning
Stored grain coverage
Grain Bags (Temporary/Seasonal)
How much does Hail Insurance cost?
The cost of hail insurance depends greatly on the type and amount of coverages you specifically need.
The good news is that, hail insurance pricing is the same for every company.
Therefore the only cost differences are in choosing the right plan. Here at Suhr & Lichty Insurance we would be glad to develop a comprehensive risk management plan.
If you need assistance with your crop insurance, we’re the only number you need. A good crop insurance insurance company does much more than give you a free hat or calendar!
When can I buy Hail Insurance?
Unlike all other forms of crop insurance, you can purchase hail insurance at any time during the growing season. If you should want to purchase hail insurance right before a storm, you may want to rethink it, as there is a 2 hour window where you would not have any hail coverage. Additionally, you will still pay for the full-term of coverage no matter when you purchase it. So if your on the fence, you may want to speak with one of our agents on the right time to buy your hail insurance.
How to get started on your Hail insurance quote
To get started on your quote, call our office or click over to our quotes page. Either way we’ll make the process simple!