Hail Insurance

Production Hail Coverage

The Production Hail crop hail policy is an efficient alternative to more traditional hail insurance plans. With Production Hail, coverage is strategically concentrated on the part of your yield that is left exposed with Multiple Peril Crop Insurance (MPCI), Yield Protection (YP) and Revenue Protection (RP).

  • Protects the top portion of your crop – the portion where profits are often counted.
  • Maximizes your coverage so you do not double cover your crops.
  • Available through multiple crop hail companies.

Full Coverage

A policy that gives the insured a payment that equals the percent of loss multiplied by the insured value per acre.

DDA Deductible – The Company shall have no liability for loss to any acre of crop until loss or losses exceed 10%, and then the Company shall have liability for the percent of loss in excess of 10%, except that when the percent of loss exceeds 20%, the Company shall have an additional liability for 2.00 times the percent of loss in excess of 20%. This provision does not apply for losses greater than 25%.

DDB Deductible – The Company shall have no liability for loss to any acre of crop until loss or losses exceed 20%, and then the Company shall have liability for the percent of loss in excess of 20%, except that when the percent of loss exceeds 30%, the Company shall have an additional liability for 2.00 times the percent of loss in excess of 30%. This provision does not apply for losses greater than 40%.

DXS5 5% Deductible – The Company shall have no liability for loss to any acre of crop until loss or losses exceed 5%, and then the Company shall have liability for 1.25 times the percent of loss in excess of 5%, once the percent of loss equals or exceeds 25%, this provision no longer applies.

DXS10 10% Deductible – The Company shall have no liability for loss to any acre of crop until loss or losses exceed 10%, and then the Company shall have liability for 1.25 times the percent of loss in excess of 10%, once the percent of loss equals or exceeds 50%, this provision no longer applies.

XS20IP 20% Deductible – The Company shall have no liability for loss to any acre of crop until loss or losses exceed 20%, and then the Company shall have liability for 1.25 times the percent of loss in excess of 20%.

DXS20-70 Deductible – The Company shall have no liability for loss to any acre of crop until loss or losses exceed 20%, and then the Company shall have liability for 1.40 times the percent of loss in excess of 20%, except that when the percent of loss equals or exceeds 70%, this provision no longer applies.

Livestock

True Peace of Mind Protection. A true livestock producer does not consider their cattle as “contents”. So why should their insurance?

Gregory's Insurance offers a cattle or horse mortality policy with The Hartford. The following coverages are automatically included in the equine and bovine policies: Limited Animal Mortality, Livestock Mortality, Emergency Colic Surgery (applies to horses only). There are additional coverages available for Surgical Expense Option and Major Medical for a nominal fee. The Loss of Use coverage applies only to equine.

Do you know your cattle are not covered under your farm policy for smothering or freezing during a snow storm? Gregory’s Insurance can provide you a quote for the Livestock Feeding and Growing Facility coverage available thru The Hartford with a policy limit of up to $10,000,000 per Occurrence, $10,000,000 Listed Location limit per occurrence and $1500 per head limit. Additional coverages such as contaminated feed and smothering/freezing are also available. This policy is designed to protect valuable livestock for an array of perils such as:

  • Fire and Lightning/Smoke
  • Windstorm, Hurricane, Cyclone and/or Tornado
  • Hail
  • Explosion, Riots or Riot Attending Strike, Civil Commotion
  • Falling Aircraft and Objects Falling from Aircraft
  • Collapse of Bridges or Culverts
  • Accidental Shooting (except by the insured, livestock owner or their employees)
  • Drowning / Electrocution
  • Attack by Wild Dogs
  • Building Collapse
  • Collision with a Vehicle
  • Smothering

Contact your Hometown Professional agent at Gregory's Insurance for more information and/or a quote for the coverage that fits your operations.

Automated Crop Reporting

Automated Crop Reporting is a breakthrough process that allows producers using precision farming (like Greenstar) along with farm mapping software (like Apex) to easily submit acreage and production reporting to Gregory's Insurance . This helps streamline the process of communicating required field information for government agencies and saves time while simplifying crop insurance reporting.

Gregory's Insurance is an agent for John Deere Crop Insurance. If interested in making the ultimate use of your AMS guidance system along with competitive rates, our crop insurance specialist would like to visit with you about John Deere Crop Insurance.

Benefits of Automated Crop Reporting:
  • Convenience - Simplifies the complex and time consuming semi-annual crop reporting requirement through automated data capture.  Producers can transmit planting and harvest data from the convenience of their home or office through the Internet.
  • Return on Investment - ACR enhances the functionality of precision farming systems by leveraging the data to meet governmental reporting needs.
  • Accuracy - Properly installed and set-up systems will deliver accurate planting and harvest information, avoiding costly mistakes from missed fields or inaccurate reporting.

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Multi Peril Crop Insurance (MPCI)

Gregory's Insurance has specialized in the Multi Peril Crop Insurance program for over 15 years. Gregory's Insurance represents strong companies backed by sound products. Gregory's Insurance believes that the Multi Peril Crop Insurance program is a risk management tool where family's lifestyle are preserved by avoiding financial interruptions.

Gregory's Insurance has an experienced, knowledgeable staff to help you with all of your MPCI and Stand Alone Hail insurance needs. We understand that your crop insurance needs will differ from year to year as well as from crop to crop. We understand that protecting your crops is protecting your livelihood. Stop in or give us a call and we will be glad to sit down with you and assist you in finding the right crop insurance solution for your individual needs. We are your Hometown Professionals you can trust.

Gregory's Insurance has three crop insurance agents available that can offer crop insurance products that will improve profits in good years, provide cash flow, and stabilize long-term business plans.

Revenue & Yield Protection Plans

Revenue Protection Plan (RP) The Revenue Protection Plan replaces RA and CRC. This policy guarantees an amount of revenue (based on the individual producers actual production history (APH) x commodity price) called the final guarantee. The coverage and exclusions of RP are similar to those for the standard Yield Protection Plan (YP) policy. This guarantee is based on the greater of the spring-time generated price (projected price) or the harvest-time generated price (harvest price). While the guarantee may increase, the premium will not. Premium will be calculated using the projected price. Since the protection of producer revenue is the primary objective of RP, it contains provisions addressing both yield and price risks. RP covers revenue losses due to a low price, low yield, or any combination of the two. A loss is due when the calculated revenue (production to count x harvest price) is less than the final guarantee for the crop acreage.

Revenue Protection Plan with the Harvest Price Exclusion (RPHPE) This coverage is similar to RP in that the RP-HPE policy covers revenue losses due to a low price, low yield, or any combination of the two. In the event that the harvest price is higher than the projected price, the harvest price is not used to increase the revenue guarantee. The harvest price will only be used to calculate the final revenue.

Yield Protection Plan (YP) YP provides protection against a loss in yield due to nearly all natural disasters. For most crops, that includes drought, excess moisture, cold and frost, wind, flood and unavoidable damage from insects and disease. YP guarantees a yield based on the individual producers APH. If the production to count is less than the yield guarantee, the insured will be paid a loss.

Farm and Ranch Insurance

Gregory’s Insurance understands the unique risks and exposures needed to protect farmers and ranchers. Because each operation is different, we will begin with a basic package of coverage and then tailor the coverage to the specific needs of the farm or ranch.

We can design a package for all sizes of farm and ranches from small acreages to large commercial farm operations.

Irrigation Equipment Insurance

Purchasing irrigation equipment insurance protection is not a difficult decision, but it is important. Depending on the age of your pivots, replacement cost coverage with no depreciation on repairs may be available. We also offer coverage for damage to an irrigation unit caused as a result of a mechanical or electrical failure depending again on the age of the unit. As an example, towers collapse for no obvious reason, a bolt shears off, or a micro switch failure to name a few.

  • Older pivots may only be insured for Actual Cash Value where the company pay claims based on depreciated equipment values.
  • We will work quickly to settle your claim with the company.

We understand your business and we are here to help you protect it. You pay only for the coverage you need to protect your assets.  Protect your pivot investment by visiting with the hometown professionals at Gregory’s Insurance.

Our Farm, Crop & Ranch Insurance Team

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Stephen Engelhaupt

Agent
Farm & Crop Insurance
 

  • (308) 762-5200
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Tim Shelmadine

Agent
Farm & Crop Insurance
 

  • (308) 762-5200
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Mary Cordell

Agent
Farm Insurance
 

  • (308) 762-5200
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Donna Brice

Agent
Farm insurance
 

  • (308) 432-8048
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Jennifer Wood

Agent
Farm insurance
 

  • (308) 762-5200
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Morgan Wills


Farm insurance
 

  • (308) 762-5200
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Justin Madsen

Agent
Farm & Crop insurance
 

  • (308) 432-8046
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Insurance Info and Tips

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GREGORY'S INSURANCE
ALLIANCE OFFICE
(308) 762-5200
(800) 658-3288
(308) 763-2165 (fax)
124 West 3rd Street,PO Box 910
Alliance NE 69301
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GREGORY'S INSURANCE
CHADRON OFFICE
(308) 432-8050
(308) 432-8022
(308) 432-0497 (fax)
1413 West 6th Street
Chadron, NE 69337
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