Catastrophic Risk Protection
Catastrophic Risk Protection (CAT) provides the minimum amount of MPCI
coverage. CAT policies pay only those losses in excess of 50% of your yield
guarantee and at 55% of the price set for the crop. CAT coverage allows one
basic unit per crop per county per shareholder. It is available for all
insurable crops in the U.S.
Producers serious about risk management will buy-up to higher levels of MPCI
coverage.
Note: Terrorism is not an exposure covered by Federal Crop Insurance Corporation
on any of the Federally reinsured crop insurance policies (RA, MPCI, CRC,
etc.). These policies cover losses due to drought, flood, or other
natural disasters.
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