CROP HAIL & PRIVATE
MyECO and MySCO
MyECO and MySCO are Hudson-exclusive, non-federally reinsured products that allow coverage of up to 95%, based off an individual’s on-farm yields. These products conveniently attach to the underlying MPC I coverage with an ECO or SCO endorsement. MyECO and MySCO provide all the advantages of a group plan, but with a personal edge by using the farmer’s individual production to determine the loss payment!
Why MyECO or MySCO?
- Simple addition to RMA’s Enhanced Coverage Option (ECO) or Supplemental Coverage Option (SCO).
- Competitively priced, straight–forward personal liability coverage up to 95%.
- Indemnity payments based off individual production vs. the group–based payment.
- Increased coverage for potential lending purposes.
- True, full liability coverage with no hidden limitations.
MyYield
Add the cherry on top of your risk management plan by combatting one of the common struggles of the APH – an outdated average that stifles your guarantee. The MyYield endorsement can be added to soybean coverages on our band products (BRP, MyECO and MySCO), allowing farmers to use their highest yield for each unit in the last 10 years to determine their guarantee, versus using their 10-year average. Tag MyYield on to your endorsement so your coverage truly reflects your operation!
Available Options
- Producer may elect to insure either a single practice (IRR or NI) or both practices on the policy.
- MyECO trigger: 90% or 95%, must match the ECO election on the underlying MPCI policy.
- MyECO/ECO plan: May elect either RP or YP as the MyECO plan when the underlying MPCI plan is RP. May only elect the YP as the MyECO plan when the underlying MPCI plan is YP.
- MySCO/SCO plan: May elect either RP or YP as the MySCO plan when the underlying MPCI plan is RP. May only elect the YP as the MySCO plan when the underlying plan in YP.
- MyYield: available option when electing MyECO YP or MySCO YP coverage on soybeans. The MyYield election replaces the insured’s APH with the maximum yield as defined in the MyYield endorsement of the MyECO and the MySCO Policy Provisions.
The information contained in this publication is for general purposes only and shall not modify the terms of any insurance policy.
Contact Us
If you have any questions or comments regarding our products, services or company, please fill out this brief form and one of our representatives will respond.
For general Hudson Crop policy questions, please call
(866) 450-1445.
For general Hudson Crop policy questions, please call
(866) 450-1445.
