Founded in 1986, Haugen Insurance Agency has been a farmers helping hand in analyzing each farmers unique situation and recommending insurance products based on those needs. We take pride in discouraging over-coverage, yet providing the safety net needed to ensure a successful crop year. If you are a beginning farmer, meaning you have farmed less than 5 years, or a veteran farmer you may be eligible for extra subsidies and waiver of certain fees along with other extras.
If you farmed while serving in active military or in college, those years can be excluded. Contact an HIA agent today if you think you might qualify. With two locations, we have 3 licensed agents to best meet your crop insurance needs in Minnesota and South Dakota. HIA is not in the business of selling insurance. Our job is to analyze the clients' needs and help make them aware of their risks so they can make a sound, informed decision that is best for their livelihood.
We are not in the business of selling insurance. Prior to owning an AIP, Zurich was a reinsurer of AIPs for a very long time.
If you farmed while serving in active military or in college, those years can be excluded. Contact an HIA agent today if you think you might qualify. With two locations, we have 3 licensed agents to best meet your crop insurance needs in Minnesota and South Dakota. HIA is not in the business of selling insurance. Our job is to analyze the clients' needs and help make them aware of their risks so they can make a sound, informed decision that is best for their livelihood.
We are not in the business of selling insurance. Prior to owning an AIP, Zurich was a reinsurer of AIPs for a very long time.
Services
RP - Revenue Protection is the bushel guarantee multiplied by the higher of spring price or fall price.
RPHPE - Revenue Protection Harvest Price Exclusion is the bushel guarantee multiplied by the spring price to calculate the guarantee.
In the fall, your actual harvested bushels are still multiplied by the fall price for indemnity purposes.
The guarantee is not re-calculated if the fall price is higher than the spring like in RP.
ARPI - Area Risk Protection Insurance is a county based insurance plan and doesn't account for your actual bushels produced.
RPHPE - Revenue Protection Harvest Price Exclusion is the bushel guarantee multiplied by the spring price to calculate the guarantee.
In the fall, your actual harvested bushels are still multiplied by the fall price for indemnity purposes.
The guarantee is not re-calculated if the fall price is higher than the spring like in RP.
ARPI - Area Risk Protection Insurance is a county based insurance plan and doesn't account for your actual bushels produced.
Did you know that purchasing a Hail policy from RCIS covers more than just a hail event?
The hail policy will also cover certain fire and lightning events, transit coverage to first place of storage, fire department service charge up to $500, and also vandalism and malicious mischief.
For more in-depth information contact and agent.
Below is a simple actuarial payout table.
The first column on the left represents a potential loss adjustment from 1% to 100%.
Each column in the 'percent paid' portion reflects each hail plan's corresponding payment (as a % of total dollars insured).
The hail policy will also cover certain fire and lightning events, transit coverage to first place of storage, fire department service charge up to $500, and also vandalism and malicious mischief.
For more in-depth information contact and agent.
Below is a simple actuarial payout table.
The first column on the left represents a potential loss adjustment from 1% to 100%.
Each column in the 'percent paid' portion reflects each hail plan's corresponding payment (as a % of total dollars insured).
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