Base Price Modifier (BPM)

The Base Price Modifier (BPM) policy allows growers the opportunity to supplement their price election selected on the applicable underlying eligible plan of insurance. The price election selected at the time of application will not increase regardless of changes to the underlying  MPCI policy.

The BPM policy begins paying the supplemental amount per unit of measure when a covered production loss occurs and the production-to-count is less than the MPCI production guarantee based on the unit structure elected for the BPM policy. Optional Unit structure may be selected on the policy if the underlying MPCI policy is Basic Units or Enterprise Units. This election must be made on the application. 

BPM is a private insurance policy that is buy-up coverage of RP, YP, or RP-HPE for corn, soybeans, and wheat, and APH for California tree nuts. 

Contact us to learn more about Base Price Modifier Insurance:

The information contained herein is not an offer to sell insurance.  No binder, insurance policy, change, addition, and/or deletion to insurance coverage will be effective unless and until confirmed directly with a licensed agent.  Please note any proposal of insurance we may present to you will be based upon the values developed and exposures to loss disclosed to us by you.  All coverages are subject to the terms, conditions, and exclusions of the actual policy issued. Not all policies or coverages may be available in every state.
Although care has been taken to assure the accuracy, completeness, and reliability of the information contained herein, Silveus Insurance Group Inc. makes no warranty, express or implied, including warranties of merchantability and fitness for a particular purpose, or assumes any legal liability or responsibility for the accuracy, completeness, reliability or usefulness of any information, product, service, or process disclosed. Clients should consult with their licensed insurance agent as to how the information, products, services, or processes described may pertain to their individual situation. IN NO EVENT SHALL SILVEUS INSURANCE GROUP, INC. BE LIABLE FOR ANY DIRECT, INDIRECT, SPECIAL, OR INCIDENTAL DAMAGE RESULTING FROM, ARISING OUT OF OR IN CONNECTION WITH THE USE OF THE INFORMATION CONTAINED HEREIN.