Below you'll find a list of all posts that have been tagged as “Hurricane Insurance Protection-Wind Index (HIP-WI)”
Hurricane Insurance Protection-Wind Index (HIP-WI) and the Tropical Storm Option are crop insurance tools used to help deliver prompt assistance to producers in hurricane-prone areas. These coverage options add to a farmer’s underlying policy with no additional paperwork or loss adjustment needed. HIP-WI and the TSO options generally pay within weeks following a hurricane or tropical storm. Producers can attend …
The U.S. Department of Agriculture (USDA) announced the counties that have triggered for payment under the Hurricane Insurance Protection-Wind Index (HIP-WI) endorsement for Hurricane Debby. Approved Insurance Providers (AIP) have 30 days to issue payments to producers. USDA’s Risk Management Agency (RMA) first offered HIP-WI for the 2020 hurricane season, and last year, the endorsement was expanded to include the …
Farmers may now be eligible for further protection against damaging tropical storms. After hearing directly from agricultural producers, the U.S. Department of Agriculture (USDA) is expanding its Hurricane Insurance Protection-Wind Index (HIP-WI) Endorsement with a Tropical Storm Option. USDA’s Risk Management Agency (RMA) will offer this option for the 2023 crop year. RMA Administrator Marcia Bunger says during the past …
