Planting, cultivating and harvesting crops can be rewarding and lucrative labor, but doing so requires significant financial investment. Many risks and perils may affect your crops, and even a single incident could devastate your harvest and lead to catastrophic financial losses. It’s essential to prioritize understanding, purchasing and maintaining adequate crop insurance. 

What Is Crop Insurance? 
As its name suggests, crop insurance may help provide financial security for farmers and others in the agricultural industry who rely on their harvests. These policies act as legal agreements between you and your insurer, which may provide financial assistance following covered incidents. By working with a qualified insurance professional and purchasing appropriate coverage, you can cast an effective safety net across many common crop-related incidents. 

What Does Crop Insurance Cover? 
Crop insurance comes in several forms and the details of your coverage may vary. To ensure that your policy is suitable for your circumstances, familiarize yourself with the following: 

• Multiple peril crop insurance (MPCI)—This component of a crop insurance policy can help pay for losses caused by the following perils:
  • Fires
  • Floods
  • Hail
  • Frost
  • Wind damage
  • Drought
  • Disease
  • Insect damage
• Crop revenue insurance—This coverage can protect you and your farm from lost income due to your crops’ lower yield during a given year. It may also help you recoup financial losses if the market price of your harvest is lower than usual. 
• Crop-hail insurance—You may augment your MCPI with specialized coverage for hail that occurs in only a small part of your property. If hail affects only a small area of your crop, this coverage can provide financial assistance for the effects without you needing to meet your MCPI deductible.  

Note that specific coverages and other details may vary depending on your policy. Your agent can help you understand your policy options and secure coverage right for you. 

Get the Right Coverage 
With over 50 years of service to farmers and other businesses throughout central California, the agents at Sanguinetti & Co. Insurance Brokers are well-equipped to help you financially protect your crops. Our dedicated staff has the knowledge and experience to assess and address your insurance needs with optimal coverage. Contact us today to get started.