Crop insurance is an important part of a farmer’s risk-management plan. It protects the farmer against either the loss of crops caused by natural disasters (crop-yield insurance) or the loss of revenue (crop-revenue insurance) as a result of a decline in market prices for the crop.
Multi-peril crop insurance covers adverse weather events, including hail, flood, wind and drought. Pests and disease are also covered if there is no available control measure. Coverage levels range from catastrophic (27.5%) for a fixed price of $300 to 75%. Premiums for the higher levels depend on values or the production guarantee. To help the farmer, the federal government subsidizes the cost of the premiums.
Insurance coverage is available for the following crops grown in Florida:
- Avocado and Mango
- Citrus Fruit
- Florida Fruit Trees
- Fresh Market Peppers
These insurance products are complicated. That’s why many farmers in South Florida turn to Chuck Stilwell, CLU®, for help in customizing their crop insurance to fit their risk-management needs. Chuck trained under Joseph F. Cummings, Jr., in Miami, who worked directly with the federal government to develop the nursery policy in 1989.
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You must report damage to your crops with 72 hours of initial discovery of damage. You may contact our office with the estimated date of damage and cause of the damage by calling (305-274-3970), faxing (305-274-7895) or emailing (insuranceforaribusiness @gmail.com).
This report of damage is not the same as submitting a claim. You may wait to assess the damage before submitting a claim. Contact our office to file a claim.
DO NOT DUMP, DESTROY, CUT-BACK OR SELL ANY DAMAGED CROPS WITHOUT WRITTEN PERMISSION FROM AN ADJUSTER. Be sure to take photos to help document your damage. Try to mitigate the damage as much as possible.