PriceFlex (PF)

We Can Lock in Today’s Prices for your 2017 Crop Insurance

PriceFlex is a private insurance product offered through the Silveus Insurance Group, that allows producers the opportunity to lock in higher prices today for next year’s crop insurance.

 No out of pocket cost until next harvest 



Available for Corn, soy, wheat & cotton



Can be purchased 18 months before harvest

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This supplemental insurance policy provides a potential for higher revenue protection guarantees than the base coverage established on the underlying Revenue Protection or Area Risk Protection Insurance plans.  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.

PriceFlex offers 15-day and 30-day alternative intervals (half-month/whole month) both before and after the MPCI discovery period. There is no risk of earning a lower price than can be achieved through the traditional crop insurance discovery period.

PriceFlex is a private insurance policy written in conjunction with an underlying individual (RP) or area (ARP) crop insurance revenue policy.

 


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.


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Sales Closing Date:

PF must be purchased on or before the MPCI Sales Closing Date of the crop being purchased. Intervals purchased prior to the MPCI SCD must be bought 10 days prior to the expiration of the interval.

Price Caps:

Price earned cannot exceed the traditional discovery period by more than $1 corn; $2 soybeans (ProAg offers higher caps; $1.25 corn; $2.25 soybeans)

 
 
 

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Availability: Corn, Soybeans, Wheat, Cotton

The availability map indicates where approval has been given by the State Department of Insurance for providing this particular product. While states indicate approval, not all crops or counties will be eligible. Please consult with your Silveus agent regarding the availability of this product for your particular crop and county combination.

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.