As a farmer, you know better than anyone that experience counts. King Crop Insurance has been servicing farmers on Delmarva for over 40 years. We understand the major risks you face and we can help minimize your financial risk by providing comprehensive crop insurance services. Our focus is and always has been exclusively the farming community. The federal crop insurance program began in 1938 when Congress authorized the Federal Crop Insurance Corporation.
The current program which is administered by the USDA's Risk Management Agency (RMA), provides producers with risk management tools to address crop yield and/or revenue losses on their farms. In purchasing a policy, a producer growing an insurable crop selects a level of coverage and pays a portion of the premium - or none of it in the case of catastrophic coverage - which increases as the level of coverage rises.
The federal government pays the rest of the premium (averaging nearly 60% of the total). Insurance policies are sold and completely serviced through 15 approved private insurance companies.
The current program which is administered by the USDA's Risk Management Agency (RMA), provides producers with risk management tools to address crop yield and/or revenue losses on their farms. In purchasing a policy, a producer growing an insurable crop selects a level of coverage and pays a portion of the premium - or none of it in the case of catastrophic coverage - which increases as the level of coverage rises.
The federal government pays the rest of the premium (averaging nearly 60% of the total). Insurance policies are sold and completely serviced through 15 approved private insurance companies.
Services
King Crop Insurance began in 1967 when Reese King learned of an opportunity with the Federal Crop Insurance Corporation out of Washington, DC.
He and his wife Catherine decided to open the first crop insurance agency in Sussex County.
It started in an office on a 100 acre farm they owned in Laurel, DE.
Reese began the business serving neighbors and a network of farmers he knew in the county with a strong belief in the future of crop insurance.
In 1972 Reese died and Catherine decided to continue with the business.
He and his wife Catherine decided to open the first crop insurance agency in Sussex County.
It started in an office on a 100 acre farm they owned in Laurel, DE.
Reese began the business serving neighbors and a network of farmers he knew in the county with a strong belief in the future of crop insurance.
In 1972 Reese died and Catherine decided to continue with the business.
Multiple Peril Crop Insurance (MPCI) provides comprehensive protection against weather-related causes of loss and certain other unavoidable perils.
Coverage is available on over 76 crops in primary production areas throughout the United States at 50 to 75 percent of the actual production history (APH) for the farm.
Coverage levels of 80 and 85 percent are available for some crops if indicated on the actuarial documents for the county.
An indemnity price election from 55 to 100 percent of the Federal Crop Insurance Corporation expected market price is selected at the time of purchase.
Coverage is available on over 76 crops in primary production areas throughout the United States at 50 to 75 percent of the actual production history (APH) for the farm.
Coverage levels of 80 and 85 percent are available for some crops if indicated on the actuarial documents for the county.
An indemnity price election from 55 to 100 percent of the Federal Crop Insurance Corporation expected market price is selected at the time of purchase.
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