Loving Insurance Agency
Crop Insurance Products (TX and OK only)
Personal Insurance Products
Life, Health & Annuities
Business Insurance Products
Crop Hail Insurance
Crop Hail-provides protection against hail and fire on your crops. The crops are insured for a specific amount of money per acre on specific acres. The insurance becomes effective on the date you take the insurance and discontinues after the crop is harvested.
Yield based (APH) Coverage
Actual production history policies insure producers against yield losses due to natural causes such as drought, excessive moisture, hail, wind, frost, insects, and disease. The farmer selects the amount of average yield he or she wishes to insure; from 50-75 percent. The farmer also selects the percent of the predicted price he or she wants to insure.
Crop Revenue Coverage
CRC provides revenue protection based on price and yield expectations by paying for losses below the guarantee at the higher of an early-season price or the harvest price.
Group Risk Protection
GRP policies use a county index as the basis for determining a loss. When the county yield for the insured crop, as determined by the National Agricultural Statistic Service, falls below the trigger level chosen by the farmer, an indemnity is paid. Yield levels are available for up to 90 percent of the expected county yield.
Group Risk Income Protection
GRIP makes indemnity payments only when the average county revenue for the insured crop falls below the revenue chosen by the farmer.
Catastrophic
CAT pays 55 percent of the established price of the commodity on crop losses in excess of 50 percent. The premium on CAT coverage is paid by the Federal Government; however, producers must pay a $300 administrative fee for each crop insured in each county.
Pasture / Rangeland
Rainfall Index is based on weather date collected and maintained by NOAA's Climate Prediction Center. The index reflects how much precipitation is received relative to the long-term average for a specified area and timeframe. The program divides the country into six regions due to different weather patterns, with pilots available in select counties.
Vegetation Index is based on the U.S. Geological Survey's Earth Resources Observation and Science normalized difference vegetatopm index date derived from satellites observing long-term changes in greenness of vegetation of the earth since 1989. The program divides the country into six regions due to different weather patterns, with pilots available in select counties.
Livestock Risk Protection
Provides protection against price declines on livestock.
Livestock Gross Margin
Provides protection against loss of gross margins (market value of livestock minus feed costs).
