CULVER INSURANCE AGENCY

www.culveragency.com

Culver Insurance Agency, Inc Is A Third Generation Insurance Provider

	HAIL INSURANCE
	Montana Policy Descriptions
	Following are the policy descriptions for the state of Montana. These policy descriptions are intended for reference only. Refer to the state Special Provisions for actual policy language.
	Basic: Full Coverage (5% Minimum Loss)
	Provides a loss payment on a field(s) when the adjusted loss for the field(s) is 5.0% or greater. The loss payment shall be the full percent of loss. Any second or subsequent loss must be 5.0% or more of the original crop. When the adjusted loss on the field exceeds 70.0%, a Catastrophe Loss Award (CLA) is paid. The catastrophe loss award is one-half percent (1/2%) for each one percent (1.0%) of loss in excess of 70.0%. The total payable percentage of loss shall not exceed100.0%.

Latest News

Culver Insurance Agency
site has been launched

	DDA: Ten Percent (10%) Disappearing Deductible
	Provides a loss payment on a field(s) when the adjusted loss for the field(s) exceeds 10.0%. The loss payment shall be that percent of loss in excess of 10.0%. When the adjusted percent of loss exceeds 20.0%, an additional 2.0% will be paid for each percent of loss in excess of 20.0%. When the percent of loss equals 25.0% or greater, this provision will no longer apply. When the adjusted loss on the field exceeds 70.0%, a Catastrophe Loss Award (CLA) is paid. The catastrophe loss award is one-half percent (1/2%) for each one percent (1.0%) of loss in excess of 70.0%. The total payable percentage of loss shall not exceed 100.0%.
	Companion Plan Rules and Descriptions
	The Companion Hail policy provides coverage on an acre basis against hail, fire and transit perils on the portion of crops not insured under a Multiple Peril Crop Insurance (MPCI) policy. The concept of the Companion plan for hail/fire is that the liability will be paid out at or before the severity of loss at which point a loss would be payable under the MPCI policy. The Companion Hail policy provides a loss payment when the average appraised percent of loss exceeds 5.0%. The loss payment would be the percent of loss in excess of 5.0%, multiplied by the selected increasing payment factor. The Companion plan covers all the acreage of each eligible crop, with the sameincreasing payment factor. The policy is only written in conjunction with an MPCI policy.
	The Companion Hail policy is available when the insured has an accompanying MPCI policy and both policies are administered through the same insurance company.

All Rights Reserved. Hosted & Created By