Our Insurance Plans

Insurance Plans provide different types of insurance coverage to specific commodities.

Policy Endorsements and Options

Policy Endorsements and Options are available for some crop provisions that add supplemental coverage, exclude coverage or otherwise modify coverage. An endorsement or option generally must be applied for on or before the sales closing date.

Catastrophic Risk Protection Endorsement (CAT Coverage)

The Catastrophic Risk Protection Endorsement (CAT Coverage) pays 55 percent of the price of the commodity established by RMA 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 (as of the 2008 Farm Bill) for each crop insured in each county. Limited-resource producers may have this fee waived. CAT coverage is not available on all types of policies.

REVCO

What is REVCO?

ARMtech's Revenue Coverage Option (Revco) is a multi-faceted policy for corn and soybean growers that mitigate the risk of forward contracting by supplementing the price at which crops are insured. In the event of a loss, REVCO may add up to 20% to the indemnity.

REVCO: A Simple Solution

Growers may elect to increase their revenue protection up to an additional 20% by adding a REVCO policy to their risk protection program. REVCO is available in 1% to 20% increments of additional coverage.

  • Takes the guesswork out of forward contracting
  • Increases indemnities in the event of a yield and/or revenue loss
  • Offers protection against inability to deliver forward contracted grain
  • Offers additional protection from falling prices
  • Serves as an alternative to high disappearing deductible Hail Policies
  • Secures operating loans using an Assignment of Indemnity
APCO

What is APCO?

Having the right kind of insurance is a critical component of any good financial plan, and sometimes, a simple MPCI policy might not provide enough protection to assure success for your insured's operation. ARMtech's Added Price Coverage Option (APCO) is a multifaceted policy for corn and soybean growers that mitigates the risk of forward contracting by supplementing the price at which crops are insured. In the event of a yield loss, APCO will pay indemnities up to 120% of the original base price.

How it works

Growers may elect to increase the spring price on either Yield or Revenue Protection policies from 1% to 20%, and by doing so, take advantage of the added benefits.

  • Takes the guesswork out of forward contracting
  • Increases indemnities in the event of a yield loss
  • Offers protection against inability to deliver forward contracted grain
  • Serves as an alternative to high disappearing deductible Hail Policies
  • Secures operating loans using an Assignment ofIndemnity