Revenue Accelerator Max Protection (RAMP)

Revenue Accelerator Max Protection (RAMP) 2018-02-08T13:54:32+00:00

Revenue Accelerator Max Protection (RAMP)

Revenue Accelerator Max Protection (RAMP) allows producers the opportunity to boost revenues at specific risk levels within their risk management plans. RAMP supplements the insured’s MPCI coverage and is designed to help provide additional coverage for when production and/or revenue losses are just over or under an insured’s MPCI guarantee.

RAMP is solely offered by FMH and is not reinsured by the FCIC. Coverage under this policy is non-continuous and must be purchased and approved by FMH each crop year.

HOW DOES IT WORK?

  • Partners with a Revenue Protection policy or Yield Protection Policy with either an optional or enterprise unit structure. 
  • RAMP Yield includes bushel loss protection only, while RAMP Revenue includes bushel and revenue loss protection. 
  • The producer selects a Trigger Level that determines when their RAMP coverage begins. This level is a percentage of the MPCI bushel guarantee or revenue guarantee (whichever applies).
  • The producer selects a Payment Factor which is used in the calculation of the producer’s indemnity. A higher payment factor will accelerate a RAMP indemnity. 

Contact Silveus Insurance Group to learn more:

Availability: Corn, Soybeans, Fall Wheat, Spring Wheat, Popcorn, Barley, Grain Sorghum

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 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.

 
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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.