What is the definition of Hail?
When does my Hail Insurance take effect?
How much Hail Insurance can I buy?
My neighbor cash rents his land to my son. Can I purchase a hail insurance policy on my son’s crop?
When does my Hail Insurance policy expire?
Your CHA policy will expire at 12 noon standard time on October 31st or when the crop has been harvested – whichever comes first.
Does my Hail Insurance Policy cover any other perils?
How can I pay for my Hail Insurance?
All applications must be accompanied by either Credit Card (Visa or Mastercard), cheque, bank draft or money order. Credit options approved by CHA may be discussed with your agent.
What Types of Hail Insurance Policy can I buy?
Full Cover– This policy covers your crops for a stated value and pays losses at the ascertained damage.
Deductible- This policy covers your crops for a stated value and pays losses at the ascertained damage less the deductible of choice. Premiums are also less costly. This type of insurance is similar to house or auto insurance deductibles. How much risk are you willing to assume? As a home or auto owner you are familiar with your deductible being quoted in dollars $100, $250 etc. In the case of crop hail we use percentages 10%, 20% etc. Please refer to the “Deductibles” section for further payout details.
Why use deductibles?
- Greater Protection for your Premium Dollar.
- Larger Cash Awards on Heavier Losses.
- Rates are lower because the cost of adjusting small losses is avoided.
- The best value for your premium dollar.