Conover Insurance, Inc., has been providing agricultural insurance services to Pacific Northwest growers for many years. In order to provide the best possible service to our Ag clients, we recently created, ConAg, an exclusive division dedicated to the Ag industry. The Conover name has long been known for providing exceptional customer service and our size enables us to maintain strong relationships with several major crop insurance companies. Products we provide include:

Multi-Peril Crop Insurance
Multiple Peril Crop Insurance (MPCI) is the cornerstone of the crop insurance program, as it is the one policy from which all other insurance types have been developed. MPCI offers a yield guarantee, based on the Actual Production History (APH) of the individual producer. Covered perils vary by crop, but can include protection from such hazards as drought, flood, insects, disease, hurricane and other adverse weather conditions. Available since the mid-1930s, MPCI provides protection for approximately 75 different crops nationwide.

Crop Hail
Millions of dollars are paid each year to producers for damage to their crops caused by hail. This is in addition to any payment received on the Multiple Peril Crop Insurance (MPCI) policy or the newer revenue insurance products, like Crop Revenue Coverage (CRC), Revenue Assurance (RA) or Income Protection (IP). While your MPCI policy protects you against losses severe enough to significantly drop the whole unit yield average, Crop Hail insurance gives you acre by acre protection that can be up to the actual cash value of the crop.

Adjusted Gross Revenue (AGR)
Adjusted Gross Revenue (AGR) is a non-traditional, whole farm risk management tool that uses a producer's historic Schedule F (or equivalent) form information as a base to provide a level of guaranteed revenue for the insurance period.

Crop Revenue Coverage (CRC)
Crop Revenue Coverage (CRC) is a Multiple Peril Crop Insurance (MPCI)-based revenue insurance product that gives the producer guaranteed revenue protection by extending crop insurance protection based on Actual Production History (APH) to include price as well as yield variability. CRC protects loss of revenue caused by low price, low yield or any combination of the two.

Revenue Assurance
Revenue Assurance (RA) is a Multiple Peril Crop Insurance (MPCI)-based policy that gives producers a revenue guarantee to protect against reductions in income when prices or yields decline. Producers who use the RA policy to support their marketing decisions may choose to add the Harvest Price Option to their policy. With this added feature, the insurance guarantee is recalculated at harvest. If prices are higher than at planting, the higher harvest price is used to figure the guarantee for the policy. The Harvest Price Option addresses the problem producers face in their marketing plans when harvest prices go up. With the Harvest Price Option selected, RA performs essentially the same as CRC.

Income Protection
Income Protection is a revenue insurance policy that protects against reductions in gross income when yields or prices fall. An indemnity is paid when the income is less than the guaranteed income as a result of a reduction in price or yield from an insured cause. Income Protection is usually less expensive than other Revenue products, like CRC and RA, because the Revenue Guarantee is set in the spring and is fixed. This means it does not increase if the harvest price is higher than the spring estimated price.

Group Risk Plan (GRP)
GRP is an area-based insurance product that pays an indemnity when the county-average yield is less than the producer's selected trigger yield. GRP differs from traditional crop insurance approaches, with less paperwork and generally less cost than Multiple Peril Crop Insurance (MPCI) products.

Why choose ConAg for your crop insurance needs? Not only do our experienced insurance agents exceed federal training requirements, they stay current on rapidly changing federal guidelines. Most importantly, we understand the hard work and dedication you put in to your operation. Whether you run a sole proprietorship or a corporation, we will be there to provide protection and assistance every step of the way.

For more information please email info@conoverag.com