Hail Insurance Short Date Cancellation

Hail Insurance Short Date Cancellation

Purpose

Producers with Hail Insurance may cancel their coverage and receive a refund of a portion or all of their hail premium, as set forth in the Short Date Cancellation Table. This provision allows producers to cancel Hail Insurance for acres that suffer an early season loss due to conditions that make the crop non-viable, such as frost or excess moisture.

Eligibility

Annual Application

Producers who make an annual Hail Insurance application may cancel their Hail Insurance for any reason, provided no hail losses were paid on these acres and the crop was not harvested or put to an alternate use.


Continuous Hail Insurance Option

Producers participating in Continuous Hail Insurance Option can only cancel Hail Insurance if the acres are non-viable and have been appraised by MASC and subsequently destroyed.

Crops that are harvested or put to alternate use are not eligible for a short date cancellation.

Acres destroyed as part of a reseed or Stage 1 claim (prior to June 20) are not charged premiums under CHIO unless there was a payable hail claim prior to destruction.

Other Program Information

In order to receive a Hail Insurance indemnity, there must be sufficient crop production potential prior to the occurrence of the loss.

If a viable crop is not present (total acres or a portion of the field), the insured should contact MASC as soon as possible to initiate the Hail Short Date Cancellation process.

Notification

Producers must notify MASC in writing (in-person, by fax, or by mail) or online at myMASC.

It is important that written notification is provided as early as possible, as the premium earned increases on a daily basis.

  • If notification is mailed, the dated post mark will be used as the cancellation date.
  • If notification is given in-person or by fax, the actual date of receipt will be used.
  • If notification is given online at myMASC, the actual date of submission will be used.

Short Date Cancellation Tables

Table 1:

Strawberries, Fall Rye, Select Hay, Basic Hay, Alfalfa Seed, Perennial Ryegrass, Tall Fescue Seed, Meadow Fescue Seed, Pedigreed Timothy Seed, Winter Wheat, and V.A.L. Crops

Date

Percent of Premium Earned

May 30 and Before

Nil

May 31

10 per cent

June 1

12 per cent

June 2

14 per cent

June 3

16 per cent

June 4

18 per cent

June 5

20 per cent

June 6

22 per cent

June 7

24 per cent

June 8

26 per cent

June 9

28 per cent

June 10

30 per cent

June 11

33 per cent

June 12

36 per cent

June 13

39 per cent

June 14

42 per cent

June 15

45 per cent

June 16

48 per cent

June 17

51 per cent

June 18

54 per cent

June 19

57 per cent

June 20

60 per cent

June 21

64 per cent

June 22

68 per cent

June 23

72 per cent

June 24

76 per cent

June 25

80 per cent

June 26

84 per cent

June 27

88 per cent

June 28

92 per cent

June 29

96 per cent

June 30 and After

100 per cent

Table 2:

All Other Crops

Date

Percent of Premium Earned

June 29 and Before

Nil

June 30

10 per cent

July 1

12 per cent

July 2

14 per cent

July 3

16 per cent

July 4

18 per cent

July 5

20 per cent

July 6

22 per cent

July 7

24 per cent

July 8

26 per cent

July 9

28 per cent

July 10

30 per cent

July 11

33 per cent

July 12

36 per cent

July 13

39 per cent

July 14

42 per cent

July 15

45 per cent

July 16

48 per cent

July 17

51 per cent

July 18

54 per cent

July 19

57 per cent

July 20

60 per cent

July 21

64 per cent

July 22

68 per cent

July 23

72 per cent

July 24

76 per cent

July 25

80 per cent

July 26

84 per cent

July 27

88 per cent

July 28

92 per cent

July 29

96 per cent

July 30 and After

100 per cent

Premium Refund Example

A producer insures 300 acres of oats at the $300 per acre coverage level. The Hail Insurance premium is $6 per acre for a total of $1800.

In July, excess moisture destroys the entire crop. On July 10, the insured contacts MASC to cancel their Hail Insurance as they want to work the field.

Premium Earned
(as of July 10)

= 30 per cent (see Table 2)

Premium Refund

 = $1800 x 70 per cent
= $1260