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INSURANCE

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INSURANCE

Hail Insurance



Purpose

• Hail insurance provides financial assistance to

Example:

producers for losses to crops due to hail and/or

Crop Field Peas

accidental fire.

Risk Area 1

Eligibility Basic Premium Rate 2.3%

• Hail insurance is available to AgriInsurance Premium Rate Factor 2

contract holders. Coverage Selected $125

• All insurable crops as well as strawberries are Premium Owing $5.75/acre*

eligible for hail and fire coverage, regardless of *2.3% x 2 x $125 = $5.75/acre.

the variety grown or the seeding date.

• With some exceptions, coverage can be • Producers paying the hail premium at time of

selected on part or all of the acres of a crop. application will receive a five per cent discount.

• Application can be made at any time and can • Producers pay all costs for the program

be mailed, delivered in person, sent by fax, including administration, as there is no

completed online or made over the telephone government contribution.

by contacting any MASC Insurance office

during normal business hours. Do not use Coverage

voicemail or MASC drop off boxes for hail • Coverage of $100, $125 or $150 per acre is

applications. available for most crops ($200, $300 or $400 for

potatoes and $750, $1000 or $1250 for carrots,

Other Program Details parsnips, rutabagas, onions, broccoli, cabbage,

• Insureds (including landlords) can select the cauliflower, sweet corn and

Continuous Hail Insurance Option (CHIO) strawberries).

that provides coverage without having to apply • Coverage is for direct hail losses that

each year. Refer to the Continuous Hail Insur- occurred at the time of the storm. Subsequent

ance Option information sheet for details losses on the damaged acres, such as frost or

• The AgriInsurance Individual Productivity disease, are not covered by Hail Insurance.

Index (IPI) is protected by an automatic • Hail Insurance provides coverage on crops

adjustment to include production losses under that are swathed (excluding crops cut for swath

the hail program. grazing).

• If a crop becomes non-viable, producers may • Coverage is effective at noon the day

request a Short Date Cancellation for the following:

affected acreage. - the postmark date on the application, receipt

• Prior to July 30, part or all of your Hail of the application in the insurance office in the

Insurance coverage may be cancelled through case of personal delivery, fax or online

the Short Date Cancellation process, which transmission, the date of the phone application,

prorates the amount of premium earned, based or in the case of producers selecting CHIO,

on the date MASC is notified. coverage is in effect when the crop emerges.

Cost • Coverage for hail and accidental fire

• Basic premium rates are specific for each Risk terminates on October 21 each year.

Area and are adjusted based on loss

experience. For crops that have a high or low

loss experience, the premium rate may also be

For more information contact your local MASC

adjusted using a premium rate factor. These

insurance agent or visit masc.mb.ca

factors currently range from 0.75 to 2.5 of the

basic rate (see opposite page).

Note: This information sheet contains general information only and does not form part of the Application for

Hail Insurance between an insured and MASC. In all cases, the terms and conditions of the Hail Insurance

Contract shall prevail. msMASC-I#628RevJan2011

(Version française disponible)

INSURANCE

2011 Hail Insurance Rates

PREMIUM RATE FACTOR

Basic Rate

All Wheat Types 1 2

Fall Rye

Triticale

Barley 1

Oats 1 2

Mixed Grain

Flax 1 2

Oil Sunflowers

Non-Oil Sunflowers

Canaryseed

Silage Corn

Grain Corn

Open Pollinated Corn

Potatoes





1.5 X Basic Rate

Pedigreed Timothy Seed

Alfalfa Seed

Tall Fescue Seed

Rutabagas

Parsnips

Carrots

Onions

Broccoli

Cabbage

Cauliflower

Sweet Corn

Proso Millet

Strawberries



1.75 X Basic Rate

Canola 1

Rapeseed 1

Mustard

Soybeans

Beans (White Pea, Pinto,

Kidney, Cranberry, Black,

Small Red, Other Dry

Edible)

Perennial Ryegrass Seed

Hemp Grain



2 X Basic Rate

Fababeans

Lentils

Field Peas 1

Annual Ryegrass Seed



2.5 X Basic Rate

Buckwheat





.75 X Basic Rate

BASIC PREMIUM RATES Greenfeed

Risk Area 1 2 3 4 5 6 7 8 9 10 11 12 14 15 16 Tame Hay (Alfalfa,

Alfalfa/Grass, Grasses

Hail Rate 2.3 2.8 2.0 1.9 2.9 2.9 2.6 2.3 3.4 2.2 1.5 2.5 1.5 1.5 1.8 and Sweet Clover)

1 Includes Pedigreed Seed

2 Includes Organic



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