From hail to unstable markets, there are many risks associated with operating a farm. That’s why holding a comprehensive agriculture insurance policy is so important. The process for getting and using crop insurance can be a bit complicated, but the following guide explains some of the basics so you can make the best decisions for your needs.

What to Know About the Agricultural Insurance Process

How to Apply

The cycle begins with the initial application or renewal of an existing policy. All applications must be filed and any changes must be made prior to the closing date, or else you risk rejection. You’ll generally need to provide the type of farm or operation you’re running, loss history, any prior insurance information, premises specifications including acreage, and your personal data. You may also need to answer questions about farm employees or contractors, structures, and recreational usage. 

What Happens Next

After the application is accepted, the policy will go into effect on a specified planting date. Farms producing annual yields must adhere to the published final planting date. With perennial crops, a specific planting date will be listed in the policy provisions. There are also coverage and billing phases. Policyholders are required to produce yearly acreage reports for all crops, whether insured or uninsurable. You’ll also need to notify the insurer of other data, such as planting dates, varieties planted, practices used, and obstacles to timely planting. The provider will use this information to produce a summary of coverage and assess premiums. 

How to Handle Claims

When claims arise, you’ll need to contact your policy provider to notify them of your losses. An inspection may take place, in which an insurance agent will arrive at your farm to personally inspect damaged crops and verify that the claim is valid. If approved, the provider remits payment to you.

If you have questions about the agricultural insurance cycle or are shopping around for a reliable provider, trust in Nebraska Crop Insurance Agency. For more than 38 years, this firm has supported local farmers by helping them pinpoint the best coverage for their needs. Their policies cover many different perils, including floods, fires, hail, and drought. Visit the website to see the complete listing of services or call (402) 223-2694 to speak with an agent in Beatrice, NE, about your options.