When you've worked hard to produce a profitable harvest only to be met with drought, it can put a damper on things. Not to mention a significant financial loss if you're not adequately covered. Fortunately, Mississippi business insurance will have policies for your crops to protect them from drought and other risks.

A Mississippi independent insurance agent can help find policies through their network of carriers. This gives you options on policy and premium, making it easy. Connect with a local expert to get started in minutes. 

What Is Crop Insurance?

In Mississippi, $3,120,632,000 in commercial insurance claims were paid in 2019 alone. Without proper insurance for your crops, you could be responsible for the expense on your own.

Value of crop insurance premiums in the US within the last year, by crop (in million US dollars)

Crop insurance will help protect your crops from losses like natural disasters, weather, and fire. You'll probably need a couple of crop policies to have complete protection.

What Does Crop Insurance Cover in Mississippi?

When you operate a farm, it's essential to understand how your crop insurance works. There are different kinds of policies that you'll need to consider.

• Crop insurance: This policy will protect your crops from the risks such as fire, severe weather, flooding, theft, vandalism, and more. When a loss occurs, the carrier will provide the funds to replace your crops.

What Doesn't Your Mississippi Crop Insurance Cover?

It's just as important to know what your insurance won't cover. Take a look at some standard exclusions when it comes to your crop policy:

• 20% of your crop value: There can be a type of coinsurance on a crop insurance policy where you'd owe the first 20% of the claim. The insurance company would cut you a check for the remaining 80%.
• Hail damage: Your crop insurance can cover a lot, but hail damage is on a separate policy altogether.

Does Crop Insurance Cover Drought in Mississippi?

In Mississippi, you can obtain coverage for drought through multi-peril crop insurance. You'll want to discuss your crop's specifics with a trusted adviser for proper protection. 

Items your agent needs to know for multi-peril crop insurance:

• Your crop specifications: What are your crops, where will you be storing them, how much is there, and how many acres will your crops occupy?
• What your crops are worth: How much it will it cost to replace your crops before, during, and after the final completion of your product.
• What preemptive protection you have in place: Are there special measures you take to ensure that your crops are safe from pests, wild animals, and predators? Are you using pesticides? What equipment are you using to care for your crops? Where are you storing your crops after growing and before distributing them?

Major global crop losses due to drought in a recent year, by region (in billion US dollars)

Drought can be a significant concern for farmers who need to produce a crop. The right protection can help you steer clear of any financial loss due to a drought. 

Additional Farm Policies to Consider in Mississippi

There are numerous policies your farm will need to be adequately covered. In addition to crop insurance, you'll want to protect your whole farm. Take a look at some additional coverage options in Mississippi that you may want to consider:

• Commercial umbrella insurance: This policy can be obtained for additional liability coverage above and beyond your underlying limits. 
• Inland marine insurance for farm equipment: This can be added to any farm policy that uses equipment, tractors, and more for tending to their farm.
• Extended liability limits: You can increase your underlying liability limits for added coverage.

How an Independent Insurance Agent Can Help in Mississippi

When you're on the hunt for the perfect farm insurance policies, it's good to remember you're not alone. If you obtain the help of a trained adviser, you'll get crop coverage you can trust. They'll even do the shopping for you for free, making it easy. 

A Mississippi independent insurance agent is the best of both worlds. They do the comparing through a network of carriers and present you with only the most competitive. Connect with a local expert on TrustedChoice.com to get started in minutes.