TB - Crop Insurance Flashcards Preview

NY Indepentend General Adjuster > TB - Crop Insurance > Flashcards

Flashcards in TB - Crop Insurance Deck (5)
Loading flashcards...
0

Which of the following would be co side red "coarse grains"?


Corn

Barley

Wheat

Oats

Corn

1

Which of the following is considered to be "small grains" in corp insurance?


Corn

Barley

Grain Sorghum

Soybeans

Barley

2

Which is the broader coverage?


Crop-hail coverage

Multi-peril coverage

Excess peril coverage

None of the above

Multi-peril coverage

3

Which of the following is subsidized by the federal government?


Crop-hail coverage

Multi-peril coverage

Both of the responses

Neither of the responses

Multi-peril coverage

4

A farmer purchases a crop hail policy with a limit of $10,000 on 5000 acres that sustains a 30% loss. Coverage is written with a 5% minimum loss before the policy will pay. How much will the farmer receive?


$3000

$2500

$2000

$1500

$3000


The 5% minimum is merely a threshold to determine when a loss will be paid, it is not a deductible