Hail Insurance

Hail Insurance

Purpose

  • Hail insurance provides financial assistance to producers for losses to crops due to hail and/or accidental fire.

Eligibility

  • Hail insurance is only available to AgriInsurance contract holders.
  • All crops are eligible for hail and fire coverage, regardless of the variety grown or the seeding date.
  • With some exceptions, coverage can be selected on part or all of the acres of a crop.
  • Application can be made at any time and can be mailed, delivered in person, sent by fax, completed through myMASC or made over the telephone by contacting MASC during normal business hours.
    • Do not use voicemail or MASC drop off boxes for hail applications.

Other Program Details

  • Insureds (including landlords) can select the Continuous Hail Insurance Option (CHIO) that provides coverage without having to apply each year.
  • The AgriInsurance Individual Productivity Index (IPI) is automatically adjusted to include production losses under the hail program.
  • If a crop becomes non-viable, producers may request a Short Date Cancellation for the affected acreage and receive a premium refund.
  • Prior to July 30, part or all of your Hail Insurance coverage may be cancelled through the Short Date Cancellation process, which prorates the amount of premium earned based on the date MASC is notified. This only applies for CHIO participants if the crop is destroyed.

Cost

  • Basic premium rates are specific for each Risk Area and are adjusted based on loss experience. For crops that have a high or low loss experience, the premium rate may also be adjusted using a premium rate factor. These factors currently range from to of the basic rate.
  • Premium Example

    Crop Field Peas
    Risk Area Risk Area 1
    Basic Premium Rate (for Risk Area 1) per cent
    Premium Rate Factor (for Field Peas)
    Selected Coverage $ per acre
    Premium = per cent x x $
    = $ per acre
  • Producers paying the hail premium within 3 days of application will receive a five per cent discount.
  • Producers pay all costs for the program including administration, as there is no government contribution.

Coverage

  • Coverage of $, $ or $ per acre is available for most crops ($, $ or $ for potatoes and sweet corn, $, $ or $ for vegetables, and $, $ or $ for strawberries).
  • Coverage is for direct hail losses that occurred at the time of the storm. Subsequent losses on the damaged acres, such as disease, are not covered by Hail Insurance.
  • If the maturity of an insured crop is delayed as a result of hail and is subsequently damaged by frost, payment may be made for such damage, up to the maximum hail coverage.
  • Hail Insurance provides coverage on crops that are swathed (excluding crops cut for swath grazing).
  • Coverage is effective at noon the day following:
    • The postmark date on the application;
    • Receipt of the application in the insurance office in the case of personal delivery, fax or online transmission; or
    • The date of the phone application.
  • Producers who have selected CHIO will have coverage in effect when the crop emerges.
  • Coverage for hail and accidental fire terminates on October 21.

MASC Risk Areas

MASC Insurance Risk Areas

Hail Insurance Rates

  • 1 x Basic Premium Rate

    • All Wheat Types (includes pedigreed seed and organic)
    • Fall Rye (includes organic)
    • Triticale
    • Barley (includes pedigreed seed and organic)
    • Oats (includes pedigreed seed and organic)
    • Mixed Grain
    • Flax (includes pedigreed seed and organic)
    • Sunflowers
    • Canaryseed
    • Corn (Grain, Open Pollinated, Silage, Sweet)
    • Potatoes
    • Canola (includes pedigreed seed)
    • Rapeseed (includes pedigreed seed)
  • 1.3 x Basic Premium Rate

    • Soybeans (includes pedigreed seed)
    • Lentils
  • 1.5 x Basic Premium Rate

    • Alfalfa (includes pedigreed seed)
  • 1.75 x Basic Premium Rate

    • Beans
      • White Pea
      • Pinto
      • Kidney
      • Cranberry
      • Black
      • Small Red
      • Other Dry Edible
    • Proso Millet Seed
    • Fababeans
  • 2 x Basic Premium Rate

    • Field Peas (includes pedigreed seed and organic)
    • Hemp Grain (includes organic)
    • Pedigreed Timothy Seed
    • Annual Ryegrass Seed
    • Perennial Ryegrass Seed
    • Tall Fescue Seed
    • Mustard
    • Rutabagas
    • Cooking Onions
    • Other Onions
    • Carrots
    • Parsnips
    • Broccoli
    • Cabbage
    • Cauliflower
    • Leeks
    • Peppers
    • Strawberries
    • Winter Squash
    • Novel Crops
  • 2.5 x Basic Premium Rate

    • Buckwheat
  • 0.75 x Basic Premium Rate

    • Greenfeed
    • Basic Hay
    • Select Hay
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Basic Premium Rates


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