CROP HAIL & PRIVATE
MyMCO
MyMCO is a Hudson-exclusive program that complements the coverage provided by the MCO endorsement and offers grower-level protection against unexpected drops in operating margin (revenue minus input costs) due to reduced productions, lower commodity prices, higher input costs or a combination of these factor
Available Options
1. Producers may elect to insure either a single practice (IRR or NI) or both practices on the policy.
2. MyMCO Trigger – 90% or 95% must match the MCO election on the underlying MPCI policy.
3. MyMCO/MCO plan – May elect either RP or YP as the MyMCO plan when the underlying MPCI plan is RP. May only elect YP as the MyMCO plan when the underlying MPCI plan is YP.
4. Liability Adjustment Factor – election between 50% and 100% in 5% increments. If electing less than 100%, the liability, premium and any loss payments will be reduced equally by the percentage elected.
The information contained in this publication is for general purposes only and shall not modify the terms of any insurance policy.
For general Hudson Crop policy questions, please call
(866) 450-1445.