VIP™ is a supplemental crop insurance policy that provides the potential for a higher revenue protection guarantee than the base coverage established on the underlying Revenue Protection or Area Revenue Protection plans of insurance. Producers may add one or more alternative price discovery periods (intervals), of which the highest would be used to establish the revenue guarantee for loss purposes when applicable. A VIP policy may have a loss if the selected interval’s price is higher than the Projected and Harvest Prices.
The Multi-Practice Endorsement provides more flexibility by giving producers the ability to customize their coverage for irrigated and non-irrigated practices with distinct coverage levels. When more than one practice exists on a policy, losses are paid on an enterprise unit by practice basis (within a county).
Ask us how to customize your price with the myPrice option!
Revenue Protection: 85% – 50%
ARP: 90% – 70%
Price Movement Limits:
Corn – $1.00 / bu (in 25 cent increments)
Wheat – $1.50 / bu (in 25 cent increments)
Soybeans – $2.00 / bu (in 25 cent increments)
Cotton – $0.20 / lb (in 5 cent increments)
Crops: Corn (not insured as silage), Cotton, Soybeans, Spring Wheat and Winter Wheat
Practices: Irrigated and non-irrigated
The information contained in this publication is for general purposes only and shall not modify the terms of any insurance policy.
VIP is a trademark of Hudson Insurance Company.