Crop Fire - FMH

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WHAT IS Crop Fire?

  • Provides fire coverage for your unharvested acres of crop (FMH private product)

WHY Crop Fire?

  • Provides coverage for fires caused:

    • accidentally by YOU or someone else - examples: combine fire, cigarette thrown in road ditch

    • AND by Acts of God (lightening, wild fire)

  • MPCI (Multi-Peril) ONLY provides coverage for fires caused by Acts of God

  • Your FMH Crop Hail policy provides crop fire coverage as well, but it is limited to your hail $/ac of coverage

    • Crop Fire allows you to add additional coverage on top of your hail policy

    • Prior losses under your hail policy reduce your remaining coverage available for future hail or fire losses

  • 0% deductible for crop fire losses

COST

  • Rate: $0.25 per $100

    • Example: $400 /ac of coverage costs $1 /ac

Additional Coverages

  • Pays up to $750 Fire Department service charge

  • Transit coverage

    • With the Crop Fire policy, you also get coverage for your grain in transit to its first place of storage

    • Damage can be caused by collision, overturn, fire, lightening, wind storm, or collapse of bridges, culverts or docks

    • Example Loss: Grain semi loaded with 1,000 bu overturns in road ditch. If the field is yielding 200 bu/ac, then it would pay on 5 ac. If you have $400 /ac of crop fire coverage, then loss payment would be $2,000 (5ac x $400 /ac). Since your hail policy provides this coverage as well, if you had $200 /ac of hail coverage, it would pay another $1,000

More info:

  • Coverage is effective at 12:01 AM the day after the application is submitted (pending FMH approval)

  • Coverage expires Dec. 1st or when you harvest the crop (which ever is earlier)

  • Must insure all UNHARVESTED acres - by crop, by practice, by county

  • Annual policy - not continuous, so must be purchased & approved by FMH each year

  • Limits of insurance - coverage cannot exceed the amounts shown below

    • Corn: $1,200 IRR / $1000 NI

    • Soybeans: $1,000 IRR / $850 NI

    • Wheat: $500

    • Higher limits can be requested if justified by crop value

  • Loss payments CANNOT exceed the ACV (actual cash value) of the crop

  • Notice of loss must be received within 5 days of when damage occurred

  • Same cost no matter if you add it in the spring, summer or fall (same as hail)

  • Minimum premium: $10

  • FMH private product

  • Transit losses

    • Losses are limited to the amount of the crop you are unable to recover using prudent salvage methods

    • Will pay you for reasonable expenses you incur to recover bushels - example: grain vac rental

  • Hail Policy

    • Prior losses under your hail policy reduce your remaining coverage available for future hail or fire losses. As a result, you may want to add additional crop fire coverage

    • If you have a FMH IP2F hail policy, it will actually pay out double your hail $/ac coverage limit. Example: if you have $200/ac IP2F hail coverage, and you have a crop fire loss, it would pay out $400/ac

Want to Discuss or have Questions?

  • If you would like to discuss, get a quote or have questions, please contact us - call, text or email.

Last Updated: 1-28-24