Wednesday, July 12, 2006
The Dollar Plan
The Dollar Plan is a vital form of protection against the declining value to damage that results in a less crop produce. The amount of insurance is calculated upon the cost involved in growing a crop over a certain area. Incase the annual crop value turns out to be lesser than the amount of insurance the outcome is a loss. The actuarial document in this respect bears the maximum dollar amount of the insurance. It is upto the insured to choose a percent of the maximum dollar amount worthy of the CAT (catastrophic level of coverage), or may be the additional coverage levels. This plan is offered for several crops like the fresh market tomatoes, strawberries, and cherries on the basis of a region-specific pilot program. # posted by Insurance Blogger @ 11:31 PM 
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