All our petty arguments.....

[Grahamp]

I sort of agree with parts of what everyone says on this thread. On the one hand I agree with VValk (and maybe I have just been fortunate with my adjustors) I always felt the adjustments have been in my favour, 30% damage that ended up being 10% yield loss etc., and pretty consistently over several years. Yet I have never once gotten a cheque larger than my total hail premium. So even when I think I am winning I am really not. Typical of agriculture I guess.

[vvalk]

So, if I understand vvalk correctly, on straight hail insurance, AFSC is losing money, and all the private for profit hail insurance companies are consistently losing money, because farmers are profiting from hail insurance?

Never said that. It’s about potentially coming out ahead when you get hail. At the very least you get the revenue you insured for. I’m saying the risk of hail is insurable

[ajl]

Hail rider is a loser when you get a total wipeout. I have had several of these in my career. You only get paid up to your indemnity even though you pay additional premium for the rider. Same goes for the price insurance. Once hail on barley and thought it was coming back. Harvested 8 bu of light barley in Oct. so not worth it. People who think that hail insurance is a great deal need more wipe outs. That is where the entire field is 2 in tall after the storm. BTDT.