- Producers with Hail Insurance may cancel their coverage and receive a refund of a portion or all of their hail premium, as set forth in the Short Date Cancellation Table (on opposite side). This provision allows producers to cancel Hail Insurance for acres that suffer an early season loss due to conditions that makes the crop non-viable, such as frost or excess moisture.
- Producers who make an annual Hail Insurance application may cancel their Hail Insurance for any reason, provided no hail losses were paid on these acres and the crop was not harvested or put to an alternate use.
Continuous Hail Insurance Option (CHIO)
- Producers participating in CHIO can only cancel Hail Insurance if the acres are non-viable and have been appraised by MASC and subsequently destroyed.
- Crops that are harvested or put to alternate use are not eligible for a short date cancellation.
- Acres destroyed as part of a reseed or Stage 1 claim (prior to June 20) are not charged premiums under CHIO unless there was a payable hail claim prior to destruction.
Other Program Information
- In order to receive a Hail Insurance indemnity, there must be sufficient crop production potential prior to the occurence of the loss.
- If a viable crop is not present (total acres or a portion of the field), the insured should contact MASC as soon as possible to initiate the Hail Short Date Cancellation process.
- Producers must notify MASC in writing (in person, by fax or by mail) or online at myMASC.
- It is important that written notification is provided as early as possible, as the premium earned increases on a daily basis.
- If notification is mailed, the dated post mark will be used as the cancellation date.
- If notification is given in person or by fax, the actual date of receipt will be used.
- If notification is given online at myMASC, the actual date of submission will be used.
Short Date Cancellation Tables
|Date||Percent of Premium Earned||Date||Percent of Premium Earned|
|May 30 and Before||Nil||June 29 and Before||Nil|
|May 31||10 per cent||June 30||10 per cent|
|June 1||12 per cent||July 1||12 per cent|
|June 2||14 per cent||July 2||14 per cent|
|June 3||16 per cent||July 3||16 per cent|
|June 4||18 per cent||July 4||18 per cent|
|June 5||20 per cent||July 5||20 per cent|
|June 6||22 per cent||July 6||22 per cent|
|June 7||24 per cent||July 7||24 per cent|
|June 8||26 per cent||July 8||26 per cent|
|June 9||28 per cent||July 9||28 per cent|
|June 10||30 per cent||July 10||30 per cent|
|June 11||33 per cent||July 11||33 per cent|
|June 12||36 per cent||July 12||36 per cent|
|June 13||39 per cent||July 13||39 per cent|
|June 14||42 per cent||July 14||42 per cent|
|June 15||45 per cent||July 15||45 per cent|
|June 16||48 per cent||July 16||48 per cent|
|June 17||51 per cent||July 17||51 per cent|
|June 18||54 per cent||July 18||54 per cent|
|June 19||57 per cent||July 19||57 per cent|
|June 20||60 per cent||July 20||60 per cent|
|June 21||64 per cent||July 21||64 per cent|
|June 22||68 per cent||July 22||68 per cent|
|June 23||72 per cent||July 23||72 per cent|
|June 24||76 per cent||July 24||76 per cent|
|June 25||80 per cent||July 25||80 per cent|
|June 26||84 per cent||July 26||84 per cent|
|June 27||88 per cent||July 27||88 per cent|
|June 28||92 per cent||July 28||92 per cent|
|June 29||96 per cent||July 29||96 per cent|
|June 30 and After||100 per cent||July 30 and After||100 per cent|
Premium Refund Example
A producer insures acres of oats at the $ per acre coverage level. The Hail Insurance premium is $ per acre for a total of $.
In July, excess moisture destroys the entire crop. On July 10, the insured contacts MASC to cancel his Hail Insurance as they want to work the field.
(as of July 10)
|= per cent (see Table 2)|
|Premium Refund|| = $ x per cent