Cost
- The premium cost is shared per cent by the producer, per cent by the Government of Canada, and per cent by the Province of Manitoba.
Claims
- A producer with establishment insurance can make a claim if the insured acreage of annual polycrop mixture fails to achieve per cent of ground coverage.
- In all cases, the crop must be inspected by MASC prior to being destroyed.
- Claims may be made any time after planting, but all claims must be registered with MASC by August 31.
- Eligible claims are paid the selected dollar value coverage on the number of acres that fail to establish.
- Claims that occur on or before June 25 are entitled to a per cent payment of the claim calculation.
- Claims occurring after June 25 are calculated according to the percentage of established ground cover:
- < 50% ground cover: 100% of claim payment
- 50 to 74% ground cover: 50% of claim payment
- 75 to 100% ground cover: no payment
Claim Example
A producer selects $ per acre coverage on his establishing polycrop, and registers a claim with MASC on July 2. After an inspection, MASC determines the crop only achieved 43 per cent ground cover.
Selected Coverage: |
$ per acre |
Eligible Claim Acres: |
acres |
Ground Cover: |
43% ground cover = 100% payment |
Claim Amount: |
= $ x acres x 100% = $ |