Dollar Plan of Insurance

Dollar plan policies provide protection against damage due to naturally-occurring perils. Guarantees are determined based on values published on the actuarial documents (Reference Maximum Dollar Amounts), which generally represent the cost of establishing a crop. The insured may generally select a percent of the Reference Maximum Dollar Amount in the actuarial documents equal to catastrophic level of coverage (CAT) or purchase additional coverage levels. Indemnities are triggered when the percent of loss exceeds the deductible. The deductible is determined based on the insured’s selected coverage level.