This supplemental insurance plan provides additional coverage to individual MPCI policies by allowing producers to purchase coverage for area-level revenue risk to supplement the individual coverage received on their MPCI policy. Producers can select both an upper and lower coverage level to create a customized policy.
PAR provides growers with an area based coverage similar to ARPI (GRIP) with an upper and lower coverage level elected by the grower. This provides a custom trigger and stop-loss for the policy.
Because PAR is a private product, area yields can differ from ARP yields, and in some instances can be customized by the grower. The PAR plan also offers a protection factor similar to ARP which can increase coverage up to 150%.
PAR is a private insurance policy written in conjunction with an underlying individual (RP) or area (ARP) crop insurance revenue policy.
Contact Silveus Insurance Group to learn more:
Availability: Corn, Soybeans, Wheat, Cotton
The availability map indicates where approval has been given by the SDOI for providing
this particular product. While states indicate approval, not all crops or counties will be eli- gible. 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 dis- closed to us by you. All coverages are sub- ject to the terms, conditions and exclusions of the actual policy issued. Not all policies or coverages may be available in every state.