A policy that gives the insured a payment that equals the percent of loss multiplied by the insured value per acre.
Catastrophe
The catastrophe allowance will apply to all losses that exceed 70% of the particular acre or acres of crops, and is figured at a rate of .5% for every 1% of loss exceeding 70%. In no event shall the total payment per acre exceed the amount of insurance applying.
This plan is available in the following states: AR, CO, IA, IL, IN, KS, MI, MN, MO, ND, NE, OH, OK, SD, & WI
