Private Products | Hay Fire

Private Stand Alone Programs

Hay Fire

The Hay Fire program insures hay stored in the open or in buildings or structures against direct loss by fire. Other coverages provided include loss of hay due to windstorm, loss of fencing, fire department service charges, theft, and vandalism, as well as collision, overturn, and/or collapse of bridges, docks, or culverts while the hay is being transported.

Coverage Situations

• Stacks, chopped hay, baled hay, and cubed hay
• Hay located in open areas, buildings or structures
• Excludes growing hay

Perils

Direct loss due to fire, lightning, and removal from premises endangered by these perils

Coverages

• Dollars per ton (actual value)
• Maximum $100,000 per stack

Additional Coverage Items

• Loss of hay due to windstorm, collision, overturn, and collapse of bridges, docks, or culverts while the hay is being transported
• Loss of fencing surrounding the hay
• Fire department service charges
• Theft and vandalism

Coverage Period

• Coverage begins the later of: 12:01 A.M. immediately following the date the application is signed by the applicant and the agent; or 12:01 A.M. on the inception date specified in the Schedule of Insurance
• Coverage ends the earlier of: total destruction of the insured hay; as the hay is fed or sold *; or 12:01 A.M. on the day following the expiration date specified in the Schedule of Insurance

Premium

• Annual premium
• Premium with application
• $100.00 minimum premium
• Minimum allowable policy = 90 days
• Maximum allowable policy = one year

Loss Payment

Amount payable will be determined by multiplying the number of tons lost by the amount of insurance per ton, less the deductible

Deductible Options (per occurrence, per location)

• The greater of $250 or half a percent of the applicable liability for each damaged stack
• The greater of $500 or one percent of the applicable liability for each damaged stack
• The greater of $2,500 or five percent of the applicable liability for each damaged stack

Rates*

AZ, CA, ID, NV, NM, OK, OR, TX, UT, and WA
Deductible Rate		Days in Coverage Period
		1-90		91-180		181-270		271-365
$250/0.5%		0.70		1.05		1.35		1.60
$500/1.0%		0.65		1.00		1.30		1.55
$2,500/5.0%		0.60		0.90		1.15		1.40

CO, KS, MT, NE, ND, SD, and WY
Deductible Rate		Days in Coverage Period
		1-90		91-180		181-270		271-365
$250/0.5%		0.65		0.95		1.20		1.45
$500/1.0%		0.60		0.90		1.15		1.40
$2,500/5.0%		0.55		0.80		1.05		1.25

IA, IL, IN, MI, MN, MO, OH, and WI
Deductible Rate		Days in Coverage Period
		1-90		91-180		181-270		271-365
$250/0.5%		0.60		0.85		1.10		1.30
$500/1.0%		0.55		0.80		1.05		1.25
$2,500/5.0%		0.50		0.70		0.90		1.10

Availability: Arizona, California, Colorado, Idaho, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Montana, Nebraska, Nevada, New Mexico, North Dakota, Ohio, Oklahoma, Oregon, South Dakota, Texas, Utah, Washington, Wisconsin, and Wyoming

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